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Re: Belgie24 post# 5350

Sunday, 06/05/2011 7:23:40 PM

Sunday, June 05, 2011 7:23:40 PM

Post# of 7025
Im with you and I appreciate your DD as I've been lurking on this board for quite a while. IMO the royalty mining strategy is a great concept. I like what Klein has done. When mineral ridge starts bringing some revenue in things will change. I havent dug into this in quite a while so if my numbers are off I apologize, but I think that those other two properties you were referring to were right off of mineral ridge as well. With Scorpio being right there to begin with it only makes sense that a deal would be struck to continue on, theres the time extension right next door. As I said in a previous post Im really suprised that this is relatively unnoticed at this point, or maybe everyone took after after the run last year. Thr only thing that concerns me is the 800k A/S, (277k o/s?)but it's pretty clear when you take the time to look at it that they are using the shares for all of the right things.