My first talk with management
This bonanza grade ore find in Brazil is a new find. Amazing it has not effected the stock, the stock is a mile below radar.
It is very shallow about 300' down. If they mine it likely open pit.
On Enshale much better than my impression, they say about .7 barrels per on, $15 a barrel to mine and $15 a barrel to vaporize from 3/4" crush into oil. So $30 cost at big scale.
Their plan is to take an IPO of Enshale in Canada exchange, an idea think is smart.
On lawsuit with Newmont and Barrick, it is on contingency basis, bit the spent $500k in 2Q to cap it think $7 mill for lawfirm. Maybe will be settled within one year. If they win they will get 1% royalty in 8 mile radius, it could 10X+ their rev and profits.
This company is a steal from the best can tell. Bot another 7,000 at .61 today.
Cheers
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