by Richard Mills
GoldSeek
Yesterday Silver47 (TSX.V:AGA) came out with what to me was a bit of a surprise very big announcement.
Bob Moriarty, Founder, 321gold:
Well obviously it’s a big deal, now what the impact of that’s going to be is hard to say. Silver47’s property in Alaska is nothing short of brilliant, it’s got $5 billion of VMS, it’s a high-grade VMS and it would not be difficult to build a road into it.
That project is going to go into production so what they’re doing is diversifying by doing a merger with Summa, and they’re doing it at no premium. It’s not as if they went in and bought it at a 25% premium. It’s an even swap. So, we’ll see but I love Silver47, I love their project, I’m not familiar with Summa other than what’s in the agreement, but I think combined it’s a brilliant company with a brilliant future.