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ScotiaNostra

05/10/11 3:40 AM

#43212 RE: nobody3 #43210

Funnily enough my reading is that they won't get the deal signed within the 100 days i.e. by 18th May but Blackfire have requested an extension of the due diligence period and PCFG are confident that they will be able to resolve the outstanding titles on the property.

Blackfire will then pay the 450K for an extended due diligence period. PCFG may end up in a joint venture with Blackfire on a property which is viewed as being a difficult development ... this would be in our favour.

I also guess that Mitch & Rob have been working on this ... who wouldn't as it's an immediate revenue earner .. and easier than mining 300 ounces of gold ..

All good IMO ... but I would like to see an update of the same on the PCFG website, we might even get a PR on this Project W update ...