Something from the PR that I found interesting and i wonder if any of you also noticed this.....
from the PR:
"These funds are being raised through a combination of private placements for restricted shares, at a later date, favorable short term cash loans as we have done in the past and gold debentures given $1,700/oz. gold prices."
so they are raising funds 3 different ways.
1) private placement of restricted shares
2) short term cash loans
3) gold debentures
I had to look up debenture just to get an idea of what's going on.
"Unsecured debt backed only by the integrity of the borrower, not by collateral, and documented by an agreement called an indenture. One example is an unsecured bond."
So to me (and I may be wrong - wouldn't be the first time) it sounds like they already know how much gold to expect from the black sands and are asking investors to loan them money on the value of the unprocessed gold, or at least a portion of it.
fascinating.
