Replies to post #147738 on GNCC Capital Inc (GNCP)

[Anvil]

Wait, that property has to be worth hundreds of millions!!!!!

Lol, a couple of hundred grand for rights to the BLM claims. Too lazy to look at what GNCP et al paid for the alleged claims that were supposedly held for GNCP via Bauman.

[Tgarfield2]

GNCP would have paid a lot more for that. But of course the difffernce here is cash. GNCP pays a 100 times more since they only use funny money.

In summary, Northern Lights has the option to acquire the 100% ownership of the Secret Pass Gold Project for total consideration payments of US$350,000 cash and 2,000,000 million shares of Northern Lights

That is about what GNCP will get for all it's claims at best. That is the yearly maintenance cost but of course paid only with Funny money so add two zeros.. It's been a pretty good rental for the claim holders. No need to worry about anything and have the cost covered. If it's sold they still own the claims. How many hectares do all of GNCP properties compose of. Should be an easy question for all those claiming to do DD. I guess the problem is GNCP doesn't tell you.

Secret Pass consists of 84 unpatented lode mining claims comprising 655.6 hectares (1,620 acres) of claims under the administration of the US Bureau of Land Management ("BLM") and 212.4 hectares (524.9 acres) for a total of 868 hectares (2,145 acres).

[ctrumabll]

Nothing screams "reputable" quite like a penny stock miner out of Vancouver, BC that has been listed for less than one year.