Durango reviewing the potential acquisition of ground near Lake Shore Gold (TSX-LSG) and Goldcorp (TSX-G) Whitney gold project in Ontario
LSG announced on February 4, 2016, “Lakeshore Gold drills 12 metres of 29.42g/t Au at Whitney” and “the north volcanics consists of gold mineralization and quartz veining within altered volcanic rocks located approximately 430 metres west of the 110 zone and north of previously mined structures.”
The thing to remember about these projects is they are pilot projects, if they are successfull which we assume they will be then each of these utilities will be ordering multiple units. Electrovaya states they are talking to many utilities all over the world. When you consider that 10 of these containers is the equivalent of 12,000 vehicles you can see why they are so excited. I believe the profit margins are higher with grid storage as well.