RE:RE:RE:RE:RE:RE:RE:Anyone Paying Attention?
this is confusing... LEO or QTA Quanteras (formerly) has a market capp of 22Million.. its a puzzle,,,
Rio Tinto, Lion Copper and Gold sign earn-in deal on Nevada copper assets..
there are 35K acres in macarthur alone @ yet.. QTA has been drilling to the tune of 30+Million bak in 2020 ~~
Lion One is ?? Lion Iron Ore was a Payla registry N 2016.. I hav not been in these sedars for many moons
Rio Tinto, then, may decide to proceed to Stage 2 by paying up to $5 million for agreed-upon Mason Valley study and exploration works to be completed by Lion CG within 12 months from the date of the agreement.
For Stage 3, Rio Tinto would fully fund a feasibility study completed by Lion CG for no more than $50 million.
QTA or LEO (Yet !) abuts the NCI Property.. not all of that property was in mason w hudbay.. most of /ifnot all drilling (memory is correct ?) by QTA was around the Open Pit/anaconda lake.. that area is a huge pile of sulfur overburden.. not shure which process - sulfur content is 30 points or better. its a pile that runs for several miles over 300+ feet / mile or so bak to the foothills.
i do not keep up on this activity.. the main investor again from memory of LEO is from washington state. and is private.. 22M$ sounds a little lite on all of that stated realestate..
for RIO to come in w a pilot plant - they are going to need a mining permit.. tossing some overburden into the nuton process is going to require large amounts of water.. QTA still had one water share from the old anaconda mine @ Yet ~! 5800 acre feet.. they had 2 and sold one and got sued by NCI; this was before the state of nevada allowed NCI to reclaim the Dyke Water and a 0.3mile well point above the main shaft -- something like 7800 acre feet.. pior to this NCI was leasing water and owned only 18 acre feet (office/shops/tiolets),
U hav to look at one of the reports going bak to around 2020 what the cost were.. it was on the 500K$ range annually ?? again could not find a blogger here who cpould read the fine print of the managments best estimate finny report (fradulant document - B4 Buff)..
is one lion previously lion iron ore.. ie -is- leo also part of one lion... is lion iron ore now leo and on lion...
who knows.. if soo.. its the carson city of bad men buying now for the next round of tahoe houses and extra retirements...
LEO is the almost end of the shadow mine companies operating in this area.. there is another down the road and i hav to take the bronco to get in there.. driving solo.. i hav to call somebody for a second that i got home... that not BLM patrolled roads in there.. U die !
B kinda interesting to weasel the board around a little to find out who is who that sports a lion...
otw - i think i am the only holder of NCI on Shouse - who votes annually on shareholder issues...
mwh - i did run over some elctrons and brought a few shares of NCI on the US ADR / open market account..
fuel and labor/inflation are the restrictions on earmiongs.. jsut about everyting else is PIF.. unless they need a new hoist or second shaft to feed that mill.. that mill is either 7500 or 10K - >???? that will b the Steady State/target
ahw - NCI including grieff/grifteers and huskateers / aside.. has a cool 1-B$ in the operation.. replacement cost in todays devaluations would be running in excess of 2.0B$ -> 2.5B$.. and yes there is still the question of the 350M shares of NCI issued but nor reported under then 2016 Canadian Regulations// The SEC never pinched them and the three year window had expired w/o a civil case pending