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Gold/Mining/Energy : KITCO - Gold discussion

GLD 387.11

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4:00 PM EST

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From: mugwump9	6/6/2016 11:42:09 AM
	of 989

viscount of course, is a no brainer you got it right? USA-focused prospect generator Viscount Mining $VML just hit 88 cents, up from 20 cents last summer. Sumitomo Corp of Japan can earn 75% of Viscount’s Cherry Creek property by spending US $10 million and completing a Feasibility Study over 8 years. There are royalties of ~2.5% on most of the Cherry Creek properties. Viscount had $508,739 working capital at Feb 29 but just raised $1,225,000 raised at 50 cents with full 2 year warrant at 70 cents May 31. That financing is to advance Viscount’s Silver Cliff property in Colorado through surface sampling, geophysical interpretation, and some core drilling. The company has ~10.6 million in-the-money 25 cent warrants which would raise ~$2.65 million if exercised. Viscount has about 46 million shares fully diluted for an approx. $40 million market cap.

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