InvestorsHub Logo

SOUTHPEN

07/26/10 1:23 PM

#554 RE: SOUTHPEN #553

PAID, You gotta go to the BRIGUS home page ,clic on the presentation,its so detailed and so easy to digest.I am having a lot of Microsoft problems which is screwing up the presentation for me but I still get some pages full.whats really interesting is that the 129 m shares out,then another 47 million in warrants etc ,many of which or all ,not sure, have time to be exercised.That would bring another 63 million in which could be a large part of the cash to get the Saskatchewan property up and going. (100) guess million).These guys got 5 great properties. its like having a pizza and your only taking a few bites out of the first piece.The only drawbacks are the debt and hedge.Debt down to 46 mil..Best for you to sit down and enjoy a easy presentation.I have heard of another 12 million shares (not sure) bank finance deal which sounded bad until I understood why.Something in Canada that is beneficial to the company if the money is spent on exploration and or development of BF underground mine. This is the real deal and I do not own enough shares but I think your right in that it will take a while for this to become a literal gold mine.