Red Lake Madsen Mine Ltd LRTNF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:another Rubicon

[Megamister]

Metalhead666,

Contrary to your view of PGM's "doom", imminent or otherwise, its apparent that Sprott Financial and AngloGold Ashanti maintain a different assessment/viewpoint of PGM's situation, than you do.

Their own geological "experts" have, and continue to, review and assess PGM's drill results. In  doing so, they continue to maintain their support of PGM's efforts to mine that ore and eventually generate profit(s).   

It also appears that AngloGold Ashanti, by your analogy, has just thrown an additional $3.5 million of "good" money into PGM after having already spent a lot of "bad "money there. 

Are there challenges? Of course there are. Were mistakes made? Of course mistakes were made.  

PGM is in the process of overcoming those challenges, all the while taking the necessary steps to address it's mine plan mistakes. 

As for a geologist expressing his/her opinion, some time ago, that PGM's Madsen project would  never work, numerous geologists also said that only low level gold ore could be found in the Red Lake area where Great Bear has now discovered hi-grade ore.

Same goes for the New Found Gold discovery in Newfoundland. Four mining companies, including Noranda, previously owned the Newfoundland properties where New Found Gold  recently discovered hi-grade ore.

Wonder what the "geologists" at those four mining companies had to say, after the fact, regarding New Found Gold's big discovery that they missed out on?