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Spur Ventures Inc SPVEF

Metals & Mining Industrial Metals & Minerals
"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada."


OTCPK:SPVEF - Post by User

Spur Ventures Inc
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Comment by jedd2on Jun 23, 2011 4:26pm
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Post# 18757995

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Ouch!!!

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Ouch!!!Spur mgmt would not really have any idea what Xingfa might be willing to pay for their 20% interest in YMC.  I believe Spur has spent nearly $ 20 million to build their NPK and Phosphoric Acid plants.  YMC will also own this new multi product Xingfa plant with a capital cost of about $ 150 million.  That would put Spur's 20 to 25% interest in YMC at something closer to $ 40 million (imo).  Xingfa will be in a good bargaining position since there is unlikely to be any other suitors and will unlikely want to pay any kind of premium.  They will probably want it at a discount.
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