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Message: 10 cents a t concentrate..conserv...

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10 cents a t concentrate..conserv...

posted on Jun 08, 09 09:39AM

conservative

300mt at 5% p2o5

concentrate 39% p2o5

5/39 is 0.128; say 0.10 or 10% gives 30mt concentrate

mcap C$3m, say US$3m

price at 10 cents per t potential high quality concentrate, in ground

bought some at 0.03, but expect it will go down further, soon or after consolidation.

Farmers not sowing full areas or using fertilisers, plus drought in various global areas, might lead to food shock..perhaps ag food commodities a better place to invest in teh medium term.

But fertiliser right out of fashion now.

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McLaren Resources
  • Blue Quartz Property surrounded by numerous past and presently productive gold mines
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  • Recent Drill Results include 63m of 1.21 g\t gold and 2m of 13.95 g/t gold

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