HD companies
posted on
Oct 21, 2010 05:27PM
Edit this title from the Fast Facts Section
Just got off the phone with ir for the hd companies.Wanted to get an update on ahr and just received information overload.Will try to go through things as best as I can but couldn't keep up with the notes I was taking on the back of an envelope as I wasn't prepared for so much info.
On the ahr front,they have finished the airbourne surveys.Found an anamoly 1 1/2 times the size of prosperity near where they drilled in 2009.Its open in all directions.Will have 2 drills going,with results out by year end.Will have to do a financing come the new year so results then financing with the hope they will be great and price will be higher so less dilution.
htr will have the rest of their 75,000 feet of drilling(first 25,000 ft already released) released before year end.Also plan to have an updated NI 43-101 before year end followed by a financing.
Newly trading company hopefully by months end.Curis is being taken public at $2.00 a share.Copper mine in Arizona.Production by end of 2012.Capital cost in the $240M range. 429.5 million ton Measured and Indicated oxide copper resource grading 0.331% Cu and containing 2.84 billion lb of copper (at a 0.05% cutoff). Little bit of chicken scratch at the bottom of the envelope about costs.Believe its .70/lb based on a new method where the copper is extracted in concentrate.The geologist is our group will have to explain it.I just know it meant low cost.
I'm on the list to be informed when curis starts trading and will let you all know when I hear from them.Still keep an eye out yourselves in case I get forgotten or something else happens and I miss it because this one sounds even better than their earlier plays.Thats all I got.Time to make some steak and potatos.