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Resource Capital Gold Corp GDPEF

Metals & Mining Gold Industrial Metals & Minerals
RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.


GREY:GDPEF - Post by User

Resource Capital Gold Corp > Sprott lending planned bankruptcy
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Comment by therageron Jul 16, 2019 7:40am
51 Views
Post# 29923750

RE:RE:RE:RE:RE:RE:Sprott lending planned bankruptcy

RE:RE:RE:RE:RE:RE:Sprott lending planned bankruptcy Leftbook, I mentioned this back in June regarding the project was not all that it was being purported to be.  This is apparent from the PWC report as well as the actions (or lack thereof) taken by ES/Greg Gibson.  To sum up, it was determined there’s definitely gold at Dufferin and Tangier, but extensive exploration drilling needs to be performed to develop a mine plan to optimally mine for the resource. It is also easy to conclude that restarting the mine was not as simple as the financial model that was presented and no one could figure out how the economics made sense to just hold and drill for an extended period of time, given the high carrying cost of the projects even in their inactive state.

Therefore, you have a bankrupt project.

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