Re: Lakeshore JV - roadrunner : agreement, laywer needed ?
in response to
by
posted on
May 05, 2011 04:44PM
Several observations of note:
1. Prb. is up to its ears drilling B.L.,with good results to date.
2. Prb. is drilling Cree Lake.
3. Prb. j/v'd W. Timmins with LSG,drilling to be done Q1 by LSG.Not a bad idea with Prb. having their hands full.
4. Prb. holds a fair amount of LSG shares in its portfolio.
5. LSG issued NR today whereby it has acquired lands from Barrick,via shares to Barrick. These lands appear to hold a lot of gold.
6. LSG quickly moving to become a Mid Tier Gold Company.
7.EXS actively drilling for gold,with excellent results, next door to LSG.
8. Potential ,IMO, exists for LSG , PRB and EXS gold properties to reveal GOLD RESERVES
of 10 million ozs. plus in total (just my own calculation and estimates. I could be high or low).
8.With Barrick now a shareholder of LSG, with Probe's GOLDEX Royalty with AEM, and with EXplore"s success next door to LSG,
this could all,in due course of a year or so, become a very big takeover target by either Barrick or AEM,or even Osisko.
9. IMO,these gold properties are close enough to each other to become equal to or even
larger then what Osisko has at this time.
10.IMO,this could become the largest new gold development in Canada in some time.