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re: Ann: Canadian Major to Earn Back into Las... So in effect,...

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  1. JustMyLuck
    880 Posts.
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    06/02/13
    13:23
    Post #: 11385247
    re: Ann: Canadian Major to Earn Back into Las... So in effect, GMD picked up (an unexplored) Las Openas for a commitment to spend $500k over a couple of years.

    In return they are getting back $1.2m and 40% of a better explored tenement that a major finds interesting.

    So NO, they won't be needing any money soon.
    GMD Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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