Replies to post #42180 on Prom Resources Inc (PRMO)

[Neil_B]

Any event is a possibility. But it is not likely at all in distant future.

[DC168]

Quote:"N*G said it plans a $25-million exploration program this summer at its Three Bluffs gold project in Nunavut."

This is a recent news from a gold mining company. They are going to spend $25M just for gold exploration purpose. My point is, it cost lots of money to bring a mine site to production stage. PRMO has been raising money through stock market. They ran into obstacle. Then raise more money. It is reasonable.