RNS9 Dec 2022 09:06
So good news, we plan on selling some gold, albeit only 6000oz, and this is for 2024-2025, but should pay some bills.
However we are giving Ocean 500,000 warrants at .55c (32.95p) for facilitating. Value of facilitating est at least $150,000 or 19% of gold sale. Seems steep. Gal Director Omland is CFO of Ocean. Hmmm.
Also PofG sales is capped at $1775, I believe gold price could be much higher by 2024.
Would like some guidance on how many total oz’s they’ll be producing 2024-2025 so we know what % is already spoken for with this deal.
Any other thoughts?