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Artemis Resources Ltd ARTTF

Artemis Resources Limited is gold copper and lithium focused resources company. It holds three projects in Western Australia, including Carlow Castle gold-copper-cobalt project in the West Pilbara; Paterson Central project in the Paterson Province (located adjacent to Greatland Gold / Newcrest’s recent gold-copper discovery at Havieron, and Osborne joint venture in the West Pilbara. The Carlow Castle gold-copper-cobalt project is situated in the mining jurisdiction of Western Australia’s West Pilbara, 25 kilometers (km) from the regional city of Karratha. The Carlow deposit is on granted exploration license E47/1797 and is only 35 km from Artemis resources 100% owned Radio Hill Processing Plant. The Lulu Creek Gold Project lies 20 km to the west of Artemis’s Carlow Castle deposit. The Paterson Central Gold-Copper Project is located within the Yaneena Basin of the Paterson Province. It controls 144 square kilometers (km2) of prospective tenure adjacent to Green Tech and Azure Minerals.


OTCPK:ARTTF - Post by User

Post by arh0070on May 11, 2018 10:12am
123 Views
Post# 28017775

Artemis

Artemis Continued cash burn because they are pursuing too many projects rather than just focusing on one or two .This has necessitated selling thier novo shares to Kirkland lake which is a smart operator and one of my best performing gold mines this year .At least this avoids further dilution of artemis for the time being .The big question will be is ;will the 20 million be enough to get artemis a producing mine which generates cash flow to fund all thier projects .Somehow I doubt it and artemis even if it finds something wont have the money to develope it and will be easy prey for an operator like Kirkland lake with lots of cash flow and smart management .Thats why I own Kirkland  lake and not artemis .have DEG and another pilbara stock with better management than artemis .Artemis still well below its high due to huge number of shares outstanding whereas Kirkland lake sets new highs and pays a dividend .
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