OTCQX:CNXXF - Post by User
Comment by
robert1958on Oct 07, 2010 9:57am
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Post# 17539652
RE: RE: RE: RE: News - Results
RE: RE: RE: RE: News - Results
Thank-you for that Rob, i spent a significant amount of time crunching numbers last night comparing ARR to a couple of other companys results in that geographical area. At the current high price of metals it is possible to perhaps look at the feasibility of a mobile crusher unit. You hit it on the head though about not high enough numbers to interest a buy out from another company or to proceed with a high output mining operation. I feel that they will need to conduct a more comprehensive drilling program and target a different area of the property as they have some results but very small veins (widths). It will be interesting to see what direction they take when they compile the results and have that meeting next week. I have a position in AGQ and would like to see ARR be able to achieve something similiar.
Regards