Nymet Holdings Inc. (fka NYMH)

[ease2002]

Congratulations on your success thus far.

I promised a friend I would try and do some DD for him on VMDG.
I have gone to all the usual sites to try and get some basic info and I have found nothing.

What is the fully diluted share amount?
How much did VMDG pay the private company that held the mine?
What is the speculation as to why the private company didn't capitalize on this outstanding asset?

1,277,950 ounces of XAU @ say 550 USD per oz is about 702,872,500 million. Even when gold was trading around 320 in 2001 - 2002, that is still 350 million? Why didn the private company develop the mine? Why didn't the larger mining companies purchase this mine long ago since one survey was done back in 1983, pretty much during the 'Gold' boom where XAU went to 800 USD/oz.

I wouldn't feel comfortable investing in this stock without answers to the previous questions. Maybe someone can help me out. Thanks in advance.

GLTAL

What is the catch? Where does a tiny company like VMDG get the resources to purchase such a valuable, tangible asset?