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Saskatchewan's SECRET Gold Mining Development.

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Message: Re: Charts & Comments - Sprott Resource Lending

Jul 25, 2013 11:32AM

via Yahoo! - Sprott Buys Sprott Resource Lending

To give you an idea how spectaculariy unsuccessful most resource lending initiatives have been, you can look at the following chart:

http://ow.ly/nkcm0

I think this was a pretty important move, considering that GBN.V has contemplated an expanded processing facility and game plan. Most of the so-called 'plans' and studies are about to time-expire, since they only accounted for four years in 2010. The four years is basically up, or some of the inital four years is on hold and in order to present a new, expanded project they will need financing, which Sprott is the obvious lender.

$IRX Weekly

The discount rate has been flirting with the zero bound, around 0.005%. While the chart shows a much higher rate, stockcharts.com has confirmed that the rates are 10X what they actually are. Bloomberg quotes the same rates on their website at the correct valuation, so you merely divide by 10.

http://scharts.co/11ubvNd

-F6

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