I like the deal. Got into Bellary Dome for $2.1m and got out 8...

I like the deal.
Got into Bellary Dome for $2.1m and got out 8 months later for $11.8m.
That's not bad.
Another way to look at it is: Even if Pacton goes to zero, the worst case scenario is we got our $500,000 grand back and effectively raised an additional $1.5m @ 1.9 cents. ( 80,000,000 shares issued for the original purchase @ 1.9 = $1.5m )
Best case scenario, we now have plenty of cash to explore Forrestania ( Which is what it's all about here ) + 10% free carry on everything Pacton owns. They are the 3rd largest landholder in the Pilbara gold rush tenements + all there projects in Canada.
Even so, escrow for only 4 months gives us the option to raise cash at will if needed by simply off loading some Pacton .
Personally the cornerstone position in Pacton looks like a great investment to me, I think they'll hang in with it and should see some serious upside if Pacton nail it in the Pilbara.
Meanwhile it's all go at Forrestania. It really would pay for those that have not to go back thru Kidman's announcements starting around March 1 2016, when they were trading at about 8 cents and get a feel for what sort of comparisons can be made with them and our ambitions.
For example:
Kidman: June 02 2016
Assay results from two samples of drill core which had been generated by the previous owners of Mt Holland. The drill core, which had been a part of the gold exploration around the Bounty mine was never assayed for lithium. When Kidman sent the core samples to ALS in Perth, the subsequent results, which were among some of the best seen in WA, were 54.2m @ 1.53% Li2O and 33.5m @ 1.39% Li2O.
Once they realised that they were onto something, the story just kept getting better and better.
Oh, and there is no shortage of gold in the area as well.
I'm buying !