Feb. 7/08, private placement 6,500,000 shares @ 4.00
April 15/08 private placement 2,490,000 shares @ 5.00
Dec. 4 /08 private placement 23,587,500 shares @ .80
Assuming we have the same players in the private purchase , we have an average buy in for these players @ approx. 1.76 dollars per share.
Unless my math is off, we are not even at the break even price for these players.
I can't see someone trying so hard to steal a company to make a quick double.
Double would be $3.52. We have been told just DE1 is worth over $3.00. What about DE2, AT12, the chromite??, What about the 2nd discovery under DE1 that we don't have assays back for?
I don't believe they will give it away. The Ring of Fire is not in equador. It is in friendly, helpful, beautiful Canada.
THE LYRICS IN OUR NATIONAL ANTHEM: "The True North strong and free!" MEAN SOMETHING HERE.