Winspear obviously believes it will be running into some serious cash soon from somewhere. Tyler and ITL/Riley commitments are adding up.
I like this deal for the following reasons:
70% Interest excellent, and near MPV CJ claims where MPV believes there are excellent opportunities. Blosson thought so at one time, don't know what happened there.
Dr. P. liked the properties in this area for there were some good cracks in the earth's mantle.
$2 Million in expenditures, the property must have potential merit. No way this is a favour. However, the timing appears to be somewhat interesting. Let's go figure, WSP announces major discovery and ICL/Riley has deal with WSP on their property. This news may be a precursor for big things happening at SNAP lake, but more likely happening at Hilltop... Just a wild guess.
Diamondex will only have $1 million, in the bank at the start, where are they going to get the $2 million to explore this property. Hopefully they can finance this exploration through a major discovery at Hilltop, if not, I hope we get a shot at a rights offering.
Many posts ago, I figured that WSP would acquire further land for exploring. I figure this is good for ICL going to .20-.22 with no effect on WSP share price... If WSP comes up with big news, ICL could go to to .25-.35.
If MPV hits on CJ claims, ICL is a fifty cent stock.... God, this is the best thing that has happened to ICL in a long time, especially after DEAD Lake (Red Lake). Stuck drill and all....
ICL apparently has $1,000,000 less drilling costs, what are they going to do with their cash.....
Bye the way, I have shares in ICL, had them for a long time and will be selling a portion of my position some time soon as I need some cash to pay off my credit cards from drinking too much. So take what i say with a large grain of salt, and a lot of tequilla. Get a broker for real advice or join me for drinks.
Drunk Again.. the infamous Bilecki...
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