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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: Re: NOT FUN...... dilution
5
Oct 29, 2009 09:56PM

Oh, well..

Your monetization hunch was a good one but on the other hand whatever they could sell for $10M would be bought by somebody with big money who believes it would eventually be worth $100M.

If this $10M results in work that increase the market cap by $100M then we're way ahead SP-wise. BH-2, for example, increased the market cap by $40M to $75M depending on when you price it.

Typically, though, after such a big deal the SP struggles at least until the deal is closed.

I sold about 80% between .73 and .77 and have been looking for a re-entry point. Hate to say it, CJ, but if Gold holds up I'd like to see VIT @ .58 so that I can load up again. No offence, but I like a bargain if I can get it.

4
Oct 30, 2009 01:05AM
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