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Cerro Grande Mining Corp T.CEG


Primary Symbol: C.CEG Alternate Symbol(s):  CEGMF

Cerro Grande Mining Corporation is a Chile-based junior mining, exploration and development company. The Company produces gold, silver and copper, with operations mainly in Chile. The Company is also engaged in the exploration of other mineral properties and in the development of its limestone deposits. Its projects include the Pimenton Porphyry Project and the Tordillo property. The Pimenton Properties in Central Chile for South American Gold and Copper Company Limited. Santa Cecilia is an exploration project for hydrothermal gold, silver and copper in the high western Cordillera of Chile’s Third Region. The Catedral/Rino project covers an area of 5,025 hectares reduced from 19,895 hectares held in 2008 and consists of 25 concessions. Its interest in this project is held through 50.1% interest in Compania Minera Catedral, which is the holder of the Catedral concession. Catedral/Rino consists of two separate but adjacent limestone deposits, the Catedral deposit and the Rino deposit.


CSE:CEG - Post by User

Post by Scamdetectoron Dec 06, 2012 7:40am
102 Views
Post# 20691149

Finally all time low!!!!!!

Finally all time low!!!!!!

I guess my predictions come true by now. I already posted  0.003 cts by cristmas due to nonperformance and too less production to be profitable. This mine was abandoned in the late 80 ies be cause it was not profitable these times . Too bad even the 42 cts lie could not help  and even the rev split 100 to1 was just a hoax to me,, atleast this bad move of management mad it possible to let the mine running for one more year and support managers an affiliates with an decent income. I hope this pos is over soon , iom close the mine and file chapter11 and let the investor that have lost 99% in a ventureon top of the andes in a third world country move on........

 

 expenses have almost 10 fold since rev split and production is almost zero!!!!!!!!  as i understood the latest NR.

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