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Monday, March 21, 2016 5:14:54 PM
http://www.kerrmines.com/projects/copperstone-mine
"...Last year, it also added to its projects by purchasing the Rice Lake mine. It paid for this acquisition using $20 million of cash from its cash hoard, and by borrowing $12 million at an annual interest rate of 4 percent, which will be paid on a monthly basis. This mine contains 445k ounces of 2P gold reserves and 634k ounces of M&I reserves. Klondex believes that it has the underground narrow vein technical expertise to unlock this mine's full potential. It also believes that this property has a large land package of 400 square kilometers of significant exploration upside. Recently, it has drilled 40 holes that have generated grades of 1 G/T...."
http://seekingalpha.com/article/3958711-grades-like-gold-stock-will-shine
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