GREY:AQARF - Post Discussion
Post by
uranium777 on Dec 04, 2013 2:40pm
News paper article - deal with RebGold signals BAD NEWS!!!
From a newspaper in the UP: Aquila once was at $2.58 a share? What happened to all that money? It is gone! After this “deal” there will be approximately 192,604,694 million shares issued.
Does this "NEW DEAL" instill confidence in this project? Absolutely Not! Why? Don’t you think that after having spent almost $40-million dollars if Hudbay thought this was worth mining they would sell it for pennies on the dollars? Hudbay was willing to take $2.5 million dollars and gave a 10-year period of time to get it? Hudbay can recoup up to another $9-million more dollars only if there is ore production. What a deal!
Why was Hudbay so eager to get out of this project? In a remote part of Marquette County an estimated $180-million dollars was spent by a real mining company getting permits, building roads, etc. and they have yet to mine an ounce of ore? Here a mine would be within a few feet of the Menominee River, next to Shakey Lakes County Park, in an area of Federal and State recognized threatened and endangered species and Aquila’s property has Native American burial mounds and ancient sites of significant historical value. This deposit runs under River Road – so that would be closed and they wanted the County tax payers to pay over $1.5-million dollars for an alternative route they could use? I’ve read that this hole could be 1200+ feet deep and thousands of feet long. Imagine the lights, noise, dust and vibrations 24-hours a day 7-days a week. Certainly the County Park would be worthless. Then there is cyanide and other Nasty and poisonous processes that would scar the land and most likely enter the Menominee River.
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