Re: Will the option between KWG and Bold be met?
in response to
by
posted on
Oct 31, 2014 10:31AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
I am thinking a new deal that would ease the immediated finacial burden on the companies.
I understand KWG is responsible for $700 000 in cash and stock by Feb 2015 and that by 31 mar 2015 another 2 to 3 million balance on exploration.
Bold would not be able to raise their share very easily either if KWG were to advance this project. Remember they found Gold the in the last drill results. Part of the JJJ deposit is what they believed. Bold would have to contribute to that part of the deal.
Bold is currently trying to earn in on the LAC Surprise property in Quebec. Gold price is still tanking and the market is not helping . Mining money is hard to raise.
My guess is New Deal.
Please comment....
GLTA merjr