That's not a dumb question.
It's been asked a lot.
For the record, yes the shares will be worth 36-38c on completion of the deal.
The money is from SFECO, one of the largest steel firms in China. They already have a massive presence in Eritera and have spent million of dollars bringing in massive construction equipment (Bulldozers, Caterpillers).
CHN have already receive $3 million part payment. They will receive the rest by the end of June after gaining shareholder approval!
CHN will then use the money from ENAMCO and SEFECO to acquire high grade or advanced gold mines.
dumb question, page-2
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Mkt cap ! $571.8M | |||
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