Operations manger Robert Foster who is very active and main communication source. A lot of pictures and info on his feed. https://twitter.com/fostermrobert
Quote: SILVERDALE, WA / ACCESSWIRE / July 7, 2015 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to update shareholders on its progress on its 348 acre dolomite pit survey. N.L. Olson And Associates, a multi-disciplinary engineering, land surveying and planning firm with over 40 years of experience, has completed the topographical and quantification of total gross Magnesium Dolomite resources on the Company's Eastern Washington mineral leases known as the White Pit - with total gross resources exceeding 500,000,000 cubic yards of material.
500,000,000 yards of material multiplied by $8 a yard wholesale is potentially $4 billion worth of dolomite. They plan on leveraging those assets to secure financing.
Quote: "This is an exciting next step for the Company. We have been working though the best options for us to utilize our Magnesium Dolomite reserve and are confident this will provide us with the cornerstone to financing and further execution of our ongoing business initiatives. By utilizing asset backed financing, rather than equity based, we will be able to build the business and shareholder value, while avoiding significant dilution of our stock."
Along with the dolomite mineral leases they closed on a large industrial site outlined in this PR:
Quote: The Company owns 3,400 acres of Wyoming oil leases located in the Powder River Basin. The Company also owns portions of active wells with current production along with the associated fixtures, pumps, vehicles, and tanks for the current field operations. The underlying land is owned by the Bureau of Land Management and other private parties, and is operated by a third party.
The Company owns 1,194 acres of Louisiana oil leases. The Company also owns portions of active wells with current production along with the associated fixtures, pumps, vehicles, and tanks for the current field operations. The underlying land is owned by the Bureau of Land Management and operated by a third party.