Given the different Phases of Develoment; this stock IMO will not move significantly until after they begin exploration. Its my understanding M45 is buying property but they don't know what's on the land yet.
Isn't this at least an 8 month hold?
Why pour money into this stock at this stage before we know if there are any minerals present; and HOW long will it take to mine this stuff once they do say they have found any mineral deposits....and what about the cost to get it out the ground? Won't M45 have to sell stock to raise cash for equipment and personel?
Given all I listed above, I see this stock falling significantly before climbing higher.
FROM M45 WEBSITE:
M45 Team has named the development program in 4 phases:
"THE NEW BUSINESS WINDS"
PHASE 1
M45 Has completed the first acquisition of 292 Mining Claims in the Matagami Mining Camp located in Province of Quebec, Canada for a total value of $ 4.5 Million US.
M45 Management believes that there are likely one or more deposits situated within the limits of the Claims due to the fact that the property is located near past producers and existing deposits. Management expects to commence an exploration program in early spring of 2007 to establish the limits of the claims and determine the location of potential deposits. In addition, past "Noranda" work reports pertaining to inferred and actual reserves in the claims' immediate and surrounding area will be reviewed by Management.
M45 Has signed a second Letter of Intent for the acquisition of 140 supplementary Mining Claims Territory adjacent to the
previously acquired 292.
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PHASE 2
M45 Has reserved an option for the acquisition of an additional 342 Mining Claims; exercisable within the next 30 days.
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PHASE 3
M45 Management is currently negotiating the acquisition of an extra 200 Mining Claims, and anticipates closing within 90 days.
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PHASE 4
M45 Has Targeted the Acquisition of 1000 Mining Claims to be completed within the next 9 Months.
Our comprehensive business development program has been planed in order to build our asset base value in the first phase, and to initiate the drilling program in the short term, more specifically following our neighbor's property "Falconbridge" where the mine "Renaissance" is located on a main vein going West exactly on our territory. These first drillings will allow us to verify our geologist's vision and to evaluate the financial value of this first phase.
