Price / Value
Low Volume....Price up
PRB close to Chapleau and Timmins
PRB 4 + million ounces open pit potential
Same Diffuse Gold @ the nose/fold ?
Agnico Eagle Royalty
Chromite ?
Alteration ?
Cashed up 23 million (+ another 14 million when warrants are exercised)
More drills going to the nose / fold.
Realistically....should be about 3- 4 bucks...but the market is soft and not a lot of risk capital available.
With the same diffuse gold in the fold and nose 2gm / ton in the first 20 to 100 metre depth. Could see 20+ million ounces....
If the same diffuse gold exists....Dave better drill as fast as he can.....and hope no one comes in under about 8 bucks as a stink bid.
Chinese are buying oil companies and trusts etc.....only a matter of time before they start buying up juniors mining companies for the wide variety of precious metals available in several area's of Canada.
My money is on Agnico Eagle...pay now or pay me later......
JMHO GLTA