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High-grade Silver, Zinc, and Lead Advanced stage of development Prairie Creek Mine-NWT

Largest Shareholder Vatukoula Gold Mine (680,000 oz Reserves, 4.3 million oz Resource)

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Message: Just out -

Just out -

posted on Mar 18, 2009 01:52AM

The 2008 Fiscal Report. To quote:

"It is likely, given the open ended nature of the Mackenzie Valley permitting process and Company's experience to date, that the environmental assessment and permitting process for the Prairie Creek Mine will extend for a considerable time."

It's going to prove a good investment, but the payoff won't be for quite some time. The report also states that they've pretty much stopped all activities at the mine, they're conserving their cash, and they have no timeline for starting up the mine. What I'm doing is what the company's doing - sitting back and waiting.

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