GREY:TUDMF - Post by User
Post by
waranton Oct 19, 2013 9:38pm
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Post# 21831008
I see a change coming!!!!
I see a change coming!!!!With Rambler in the picture now and CGP out. I think their will be changes coming to that agreement. If memory serves me correctly for THR to earn 75% they have to put a mine into production and that is based on coppers prices at $3.75 and a total cost of 110 Million. It ain't going to happen, not in this market. THR couldn't raise enough money to buy CGP share. I believe that we will drill this resource out as stated in the Rambler NR and then they will take this out; I would guess late spring or early summer all depending on if they want to do a pre-fes study which I don't think they will do. They want the resource not a competing mine right next door. It's all OK with me if the price is right...
Cheers