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BFUnder the terms of the agreement with PCFG,

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rocco2 Member Profile rocco2 Member Level 
Thursday, August 23, 2012 12:15:37 AM
Re: None Post # of 114623 
BF

Under the terms of the agreement with PCFG, Black Fire holds a 24 month option to purchase the Project. At any time before the end of the option period, the Company may acquire 100% of the project by making payments totalling up to $2M over 4 year

These deposits (uc) were never exploited due to a significant collapse in tungsten prices in the mid 1980’s

Union Carbide Corp undertook detailed evaluation and feasibility studies and developed a 70,000 ton trial pit between 1977 and 1983. These deposits were never exploited due to a significant collapse in tungsten prices in the mid 1980’s and no significant modern exploration has been undertaken on the project since this time. Consequently, the project represents an advanced opportunity for Black Fire to capitalize on the increasing demand for tungsten which has seen significant price growth both before and since the GFC (see background information on tungsten )
In addition, the project has the potential for significant copper and silver credits.

Historic resources at Desert Scheelite, Gunmetal and Garnet are not currently JORC compliant and cannot be formally reported. However, Black Fire’s initial Exploration Target for these 3 deposits is 7-9 million tonnes at 0.30 – 0.37% WO3 which compares favourably with many existing tungsten mines and resource projects w


http://www.blackfireminerals.com.au/IRM/content/ourbusiness_PilotMountain.html

Their goes a Billion, but we know that!! we are alluvial!! scratch and sift


Advanced opportunity

PCFG



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