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Spur Ventures Inc SPVEF

"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

Comment by ProtectTheQuanon Jul 17, 2018 7:29pm
142 Views
Post# 28330230

RE:It's just the start

RE:It's just the startHey idlefreebird, How can you be sure this is the start of something big after only one quarter of results? All that’s been proven is that they have a stockpile of ore which at the end of March was over 600,000 t or greater than all the ore that’s gone through the mill since the start of production. It would be safe to assume the stock pile is less than 1.28 g/t so extrapolating 1.44 g/t for years seems like a long shot based on the pockets of high grade ore that filind its way through the mill first. Not to mention the 1st quarter AISC/ounce were above guidance and the 2nd quarter results have not been released. Have the problems they encountered really been taken care of? What about the equipment and the tailings containment. The mill might be new but the pit equipment would now be in its third year of production. Meanwhile the tailings facility needs to keep up with a plant producing above nameplate capacity. What additional costs come with those issues and how well are they being managed? Remortgage the house and buy more stocks in a junior gold mine. Only dreamers and ostriches which I guess could be considered an idle free bird. Remember Buffet’s first rule. Protect your money. 
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