This mining deal was announced by WSRC a while back when the stock ran to .492 per share back on Jun 30, 2021, but came back down when it was realized that the funding for the deal was lacking. Now they are going to have more than enough money to fund their deal. Again, the company stated that their $1.976 Billion deal that is linked back to this post is going to allow them to have more than enough to fund their $3.2 Billion (upgraded to $4.57 Billion) mining project that is a totally separate project that was earlier PR by WSRC: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170281434 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170522701
Something else important to keep in mind, WSRC now has nondilutive funding with an OS (Outstanding Shares) of 312,136,648 shares as of 11/22/2022. This is why WSRC is worth dollars as I suggest all to simply just do the math: https://www.otcmarkets.com/stock/WSRC/security
From the WSRC most recent Quarterly Report filed on Nov 21, 2022 of which both their $1.976 Billion deal and their $4.57 Billion mining deal are indicated within these filings:
https://www.otcmarkets.com/otcapi/company/financial-report/352651/content ** Based on a subsequent “Assay Review and Enhanced Recovery Report” dated July 21, 2021, projected annual net income from the 100 ton/day and 1,100 ton/day operation have been increased from $269 million to $415 million and from $3.2 billion to $4.57 billion, respectively.
** Based on a subsequent agreement dated July 22, 2021, the total acreage will be increased from 640 acres to 1,300 acres.
** WSRC management’s level of confidence in this project is such that the $10 million cost of the 100 ton/day plant will be invested directly by WSRC’s officers and directors to prevent dilution of shareholder equity in the Company.
** The Sage Hen Claims encompass 640 acres within the Oreana Trend, a consistent ancient seabed that extends to depths of 1000 feet in an active mining area known to contain significant precious metals and offer a unique low risk development opportunity.
** Many mining groups, including Newmont, Rye Patch, Pershing, Victoria, and others have cored, mined, and expended significant resources and effort in the area.
** Principals of the Sage Hen Mining claims, Andy Kay and Lonnie Treadwell, have maintained active mining claims for over 20 years based upon hundreds of assays over 20,000 acres of the trend.
** The Sage Hen claims are located near the Relief Canyon Mine in the Oreana Trend.
** In addition to gold and silver, the enhanced recovery system assays have indicated platinum, palladium, and rhodium.
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