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Channel Resources Ltd V.CHU



TSXV:CHU - Post by User

Comment by Atonon Jul 22, 2012 4:53am
255 Views
Post# 20139425

RE: RE: ~$5 / oz discovery cost

RE: RE: ~$5 / oz discovery cost

Yes, and Mankanga-5 is still open along-strike and depth so here it´s sure to be more resources in the future. The cost for finding this first million ounces sure must draw interest from other big players like Semafo who only got little more that 4 million ounces in reservs and a m-cap of $1 billion, if they would buy Channel they could have a new low cost finding area to add resources from, I´ll think it´s time for a poison pill soon.

Next important step is the results from the 2,000 core drill program Mankanga 1, results are coming soon. 

 

 

 

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