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Friday, August 19, 2011 7:30:40 PM
Let's see, that would mean the $50,000,000 payment upon the completion of exploration would equate to almost all the remaining outstanding shares at .07.
Up to $500,000,000 IN PRODUCTION COSTS, at any reasonable ROI expectation this thing could be huge and we retain 70%.
You would have to think a buyout offer would be possible in the future. I know, they have to prove up the reserves. That is why this is still a bet and not a sure thing. Come or Don't come. Lay your money down and take the ride or walk away. I have always said this is a long term play for the big money, this deal shows us how big it can be if we have the goods.
Twenty days we will know if we are walking on the moon.
If you're In, You're In
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