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Message: Good Time to Buy

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Good Time to Buy

posted on Jun 05, 08 07:52AM

I am not a shareholder yet but this looks like a good time to buy. The refinery project has had a lot of progress with environmental approvals, labor agreements and proposals for a supply of crude. In addition, the new venture with Sprott has promise. There are known salt deposits on the west coast of Newfoundland that may lead to agricultural grade deposits which are in demand globally. Iron ore in Western Labrador is a real possibility. The price is seemingly depressed depressed due to the credit crunch and delay in financing such a huge refinery project. Due dilligence is looking good for this entry point.