GREY:TUDMF - Post by User
Comment by
waranton Jan 21, 2014 9:14pm
182 Views
Post# 22118447
RE:RE:RE:Rambler says---
RE:RE:RE:Rambler says---pt-- The problem being is that THR had an agreement with CGP and both companies had different objectives THR wanted a mine and CGP just wanted the cash. But now we have a RAM a mining company who wants the mineralization and THR who wants to be a mining company. I agree that THR is running the show for now but what happens after this round of drilling. From the agreement THR has to do a feasibility study and arrange 100% financing to put the property in production for a 75% interest. I don't believe that THR can raise the money for this. Right now copper is trading at aprox $3.25 aver. THR did numbers based on $3.75. I can't see RAM making it easy for THR after the drilling stops and we have assays back with increased numbers. I think THR will agree to sell, because they will have no other choice.
I hope they sell and THR under a new name move on to that gold play we have Lebel.
By the way whats with no NR on drilling yet THE has the money now since Jan 08.
Cheers