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Re: ChuckD-MSB post# 1016

Monday, 07/13/2015 3:06:00 PM

Monday, July 13, 2015 3:06:00 PM

Post# of 1670
Chuck- These are all classic "little company" deals meant more to keep a constant source of news coming than to actually further the project. We are talking about Kinross. We arent talking about some mid level producer that no ones ever heard of. Additionally, those companies had to get some cash in the deal as they will be left with next to nothing if all options are exercised. I understand your point but completely disagree. Additionally, those deals are constructed that way to prevent companies from sitting on options. The property owner doesn't want to be hamstrung if the other party can't come up with cash or is financially unable to continue exploration efforts. I think its safe to assume that LKA has no such worries with Kinross. With all due respect, those comps you posted are completely irrelevant when it comes to looking at this deal. Once again, we are talking about Kinross, a $2 billion company