CPTMatt Great work.
Zinc property acquisition (not yet closed)
Copper property acquisition (not yet closed)
Silica sand exploration on one of their properties
Those acquisitions were for the cash. They have no interest in the base metal property and can sell them off later
Mineral lab: They have enough to close it, but are working on the last $ that will carry the property through drilling, NI43101 resource and the PEA
meaning no need for further financing. There going to get there and we have a group thats going to help this week.
When there done, thell have less than 90 M OS with 40 Mil warrants at .10
When they close the Lab and start drilling (6 mths to drill the whole property due to no rock) the market will catch on and the 1.5 M market cap will be no more. This is a world class property and its 40km to the port with the major highway going straight through their property. The $4 M in warrants will come in and they'll use that as the down pmt on the 10 - $15M needed for the processing set up. With the finance studys and CF from the lab, they should be able to finance the rest from the banks. This will allow them to process with costs at $500 or less per ton where as all of the Canadian producers are at $1000 - $1200
Yes I think they are that good. Call Dan. Mention me. If it plays out like that, put a multiple on 10 cents a share earnings for future share value on the mine alone.
Be gone for a while
Checkmate28
