Uptick, that's one of the most significant indicators here. Double Crown has already planned for the first $1 million of their 2016 gold revenues to fund the new Latin American acquisition. After that, the new revenues will also fund their other projects.
This clearly shows that the cash flow from the current gold supply deals will be major. And even better, the acquisition will double Double Crown's revenues or more in the longer term.
Regarding these acquisition plans, President Allen E. Lopez commented, "With the global commodities markets turning so strongly in favor of gold and precious metals now, Double Crown Resources has adapted its business plan to focus a primary effort on this high value sector. We also anticipate that Phase II of the original gold supply contract which was recently announced, has the potential to more than double our net compensation. Phase II, which would begin in a few months, will allow for payment of our operating costs as well as other obligations such as implementation of Translock² containers specifically built for precious metals and related aggregate materials. Our updated business plan is close to completion and we will be touching on its high points in future announcements.
News 
Market Data 
Discover 
AI
