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ProfitScout

02/10/16 7:10 PM

#10761 RE: richbob #10760

Double Crown's ownership of the Bateman gold reserve in Canada is becoming more valuable everyday that gold prices rise. They can mine Bateman themselves, do a joint venture with another miner in Canada or sell this reserve outright, but any way they go it is a very valuable company asset.

That aside, the latest news items from Double Crown have told us they are primarily focused now on completing the acquisition of one of the Latin American gold reserves in their mining resource network which is already in production and being used to fulfill the current gold supply contract to the South Korean buyer. This seems to be the quickest route to Double Crown establishing ownership of a production ready gold reserve which, as they have said, will double their net revenues or more on their gold supply contracts.