GREY:LACHF - Post by User
Post by
RedHorizonon Feb 17, 2009 11:50am
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Post# 15783363
New Mine
New MineLMA has announced that White Foil is about to become a producer. The production levels announced are lower than I expected but they are only talking about proven reserves at this point. They expect to recover 30,000 ounces for years and in the process bring the other 400,000 ounces of resources into the reserve categories. Then these will be producible in "phase II". I believe this is the plan.
Anyway the great news is that we have another 30,000 ounces of annual production which looks to be coming online this year!
https://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f{4AB03723-D521-4588-A8E6-B96F1C18E454}&symb=LMA