Given the positive findings at McAdoo, why was the most recent private placement only at $.08?
Answer – The current share price at the time determines what the price of a private placement will be. The costs associated with the professionals that have been hired to assess the McAdoo site can be very taxing on the Company. To date, the Company has spent over $300,000 for the McAdoo assessment.We feel the results of our findings at McAdoo have made this expenditure very worth while for the Company and its shareholders.
