GOLD in Eureka & Carlin trends Nevada; MOLYBDENUM in British Columbia
High-grade Magnesium discovery on Tami-Mosi enhances Nevada gold property value, while CrowRea molybdenum development continues
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Molycor Gold Corp. > Message
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Re: NEWS - Molycor Gold Corp. Closes Private Placement With Sextant Strategic Hy

Posted by: nmaycock on May 06, 2008 04:52PM

In response to: Re: NEWS - Molycor Gold Cor... by mcadam

Let me get this straight, so we are to have a mine in the "near future" at Crowrea, drill out Tami-Mosi and do work on the other 10 or so properties.

Where is the money to do this going to come from?

Molycor has private placements everytime they want to drill out a property, and still to this day we do not know what property is the real priority of the company. By the time management figures that out, how much dilution will there be?

We talked about Dobbin in 2005/2006 (Still waiting on those drill results over 2 years later now), then came Crowrea (which they resurrected after 10 years on ice...which still is a headscratcher why they took so long to drill it again), and now the new flavor is Tami-Mosi. I'm tired of all the jumping around, either come up with the money needed to drill all these projects at once, or settle on one project and take it to the point of a production decision.

As for production, I won't hold my breath on it. Until I see the financing for Adanac finalized (which seems to be taking an eternity) then I'll believe that they will be able to take a project from exploration to production.

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Executive Address
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Larry Reaugh
Chairman, CEO & Director
February 22, 2008

Larry Reaugh discusses High Grade Manganese Discovery.

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