Welcome To The Strikepoint Gold HUB On AGORACOM

Focused on the Rice Lake Gold Belt

Free
Message: This Old Mine

..yeh old hound, the old Dufferin mine was a good acquisition for SKP. I recall visiting the APP both at PDAC last spring we'er the lastest VTEM results showed the continuation of the 12 to 16 veins for 2.5 km. Talking to the Rep, i was told the average past production was averaging 8 to 12 grm / tn. Since this project is similar to SAn in that a ramp is currently down to 120 meters connecting the four past producion veins, limited work would be required to start mining. The problem i see , and nothing out of the ordinary is that the current mill requires app.. $ 4 + million of up-date work to produce 60.000 oz. Hound, ..scant resoures we have so one must look at what options we as shareholders have going forward. The Dufferin does have a mine permit with assets so we could get a line of credit or forward sell some production to raise capital if it is managements intentions to go into production or possibly merge/sell/hold,,,,,PS " just thinking out loud..Traps7

Share
New Message
Please login to post a reply