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.

Free
Message: Re: 200 ounces Au ?
4
Nov 13, 2015 01:36AM

Date: Dec 31, 14 01:02PM

Subject: Re: fnc

I haven't gone through the numbers but one has to be careful. I owned a stock (Klondike Silver) which was a Hughes Group Company (which seemed to soley exist to mine the pockets of its investors). Back in 2008-2009 they mined a 500 tonne very/extremely high grade silver/lead/zinc bulk sample(88oz/tonne silver and nearly 70%/tonne lead )and the shareholders were all very excited to receive the estimated 1.5million dollars in revenue....well, after milling and transportation costs (obviously much more expensive for a lead/zinc concentrate ) the company managed to lose money on the whole endeavour!

Cheers and Happy New Year ,
Luker

of an bluebird on December 31, 2014 12:30 said:
--------------------------------------------------
will get $500K from sampling

4
Nov 13, 2015 10:06PM
Share
New Message
Please login to post a reply