Timberline Resources Corp (TLRS)

[Picassa]

Ian Cassels commentary on the last deal with Staccato:

"This is a good deal for Timberline. They basically paid 16 million shares ($~20 million) for Staccato CAT.V. In return TLR gets $5m in cash and 600,000 ounces of gold that are pretty defined. Management believes they can get this property into production in 3 years with similar capital costs as Butte Highlands ($15-18 million). The great thing is that in three years TLR will be producing enough cash to self fund this property and own 100% of the potential"