InvestorsHub Logo
Followers 23
Posts 764
Boards Moderated 1
Alias Born 09/12/2002

Re: jsladek post# 2447

Wednesday, 11/24/2004 11:29:28 AM

Wednesday, November 24, 2004 11:29:28 AM

Post# of 3563
I don't post fact on Roxmark as a rule, but I can tell you that Ferau, Hardrock, and G-L-LL were grass roots properties that were drilled. One had some success, but they did not own a mill at the time, and development dollars for the one resource, or underground exploration dollars were not available. This was common to about 70 Canadian resource-developed companies at the time, so it was not surprising. Right now the Roxmark has a mill, and is going on stuff that for the most part has some development done, and will be less capital intensive to get going. This is based on their SEDAR stuff, and what is evident from observation of their activity and capital equipment that anyone can do. Roxmark is looking at doing an extension of the existing resources in gold, and also we understand looking at developing a possibly feasible Moly resource. I believe their philosophy is low cost development, quick return at the present. Seeing as they have held it together in the area for 20 years, and in net expanded their position, it seems likely that they will continue in that vein. Looking at the area in general, one can see much very advanced exploration going on. This is quite surprising for the low key nature of the announcements coming out of the camp.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.