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Pash-not sure if you read the full press release, or perhaps you are not fully understanding the PR. The fact is that as you can see from the price of the shares issued, $2, it has nothing to do with the current market price. In other words, sophisticated parties being Dave on the one hand and institutions on the other, have decided to overlook the current market price and enter a deal where the sale price is 75% higher than the market price. In other words they have ignored the ridiculously low market price, which is made up of some desperate sellers and a lack of junior gold buyers and have acknowledged that even with the current poor gold price and current junior gold doldrums a more proper valuation is $2.

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