PDAC Award to Palmer

Solid foundations. New horizons.

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goldhunter11

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PDAC Award to Palmer

posted on Mar 03, 2015 10:42AM

Excerpts from SH link below.

1. "But when it was revealed that Palmer was the sole recipient of this year's award, the announcement sparked a series of complaints from Mike Tremblay and Jack Robert, the two prospectors who staked the ground on which the gold was found."

Comment: Tremblay and Robert were not happy and complained to PDAC...Not sure how it went Monday night, the Award night...any honorable mention for Tremblay and Robert?

2. "Under the deal with Goldcorp, Palmer will become CEO of a spinoff company called Probe Metals, which will have $19 million in the treasury. Goldcorp will hold a 20% stake in that company.

The two prospectors say they believe the deal is worth about $20 million to Palmer."

Comments: (a) Thought that G will hole only 9.9% of the new Probe, instead of 20% as indicated above...and (b) So, Dave has $20M which is not bad for a retirement fund.

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