Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Re: Let's hear some facts...Mtl_bronze
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Oct 17, 2012 06:42PM

You want a scenario of how this stock gets diluted under the new slate

Take the cost of severence for the old team add to that the number of cheap stock options at 0.15 or so and add to that the salaries of bringing in the new team and add to that the legal costs of this proxy battle, then divide that total cost by .15 = number of shares added

....and that's without drilling a single hole

I've seen the dilution here over the past several years and it certainly ain't any worse than any other junior out there....that's just the reality in this market. Do some reading about how hard it is to raise money in this current market....it's brutal. You really think these guys will do any better? That's just being hopeful at best. The fact they don't have the same emotional connection here too is concerning....then it just becomes all about the gread.

Now you can believe that or not....I don't really care....thing is, you have made some nasty accusations.....so now...facts man....come on....let's hear them...enough with the rambling

and please...don't bore us with he won't return your phone calls....I'm about to cut you off myself....just give us the facts to all this criminal activity

ps...if you type the word fact in google, they will provide you with a definition

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