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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More  |  Profile

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McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: Tongue Tied

Indom3
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Re: Tongue Tied

in response to Re: Tongue Tied by Solobeamer
posted on Nov 15, 09 03:56PM

Thanks Solo, I note under "cautionary notes" That oz. mentioned are not independently verified in accord. with NI43-101,in other words they are historical.

Est. Capital requirement $6m to be funded by Debenture and share issuance, funding till Q1 2010 and production commencing Q2 2010. They say that road/hydro intact and Mill/Plant infrastructure largely intact, these kinds of statements always tend to lean on the sunny side, the ammendments arrive later. 2010 production est to be a total of 13,500 oz, I'm skeptical. I also note that there is some query about permitting status.

I won't hold my breath while Tartan Lake gets going. SEM has a lot of work mto do. These reactivating jobs always seem to take a lot longer than initially projected and costs skyrocket.

Takara; well thats another story, they seem to be into just about everything, from gold, zinc, nickel, uranium, potash, coal, in the end, nothing very much, including the fact that even with their latest issuance they are pretty close to broke. Tying yourself into a tight, tight schedule, especially I believe, in the mining business is a recipe for disaster. A major reason why so many crash. I'm being the 'Devils Advocate' here, and sincerely hope I'm wrong, but I don't see a heck of a lot of benefit accruing to VIT over this deal.

I made some other notes, but I'm tired, and the dog ate them.

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