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Decade Resources Ltd V.DEC

Alternate Symbol(s):  DECXF

Decade Resources Ltd. is a Canada-based mineral exploration company actively seeking opportunities in the resource sector. Its principal business activity is the acquisition, exploration and evaluation of mineral properties located in the Province of British Columbia, Canada. The Company has a 65% interest in the Red Cliff property in north-western British Columbia. It has 100 % interest in the Goat, Grassy, Premier East and Terrace area properties. Its projects include Red Cliff, Lord Nelson, Goat/Surprise Creek, Treasure Mountain, Terrace Property, and Del Norte Property. The Lord Nelson property is located 34 kilometers east of Stewart, British Columbia and is comprised of approximately 2630 hectares in six separate claims. The Terrace Properties are composed of three main claim blocks, namely Terrace Gold-Dardanelle-Treasure Mountain group of claims located about 10 to 35 air kilometers east of Terrace, British Columbia, on the side of the Zymoetz (Copper) River valley.


TSXV:DEC - Post by User

Bullboard Posts
Post by flyingnunon Sep 30, 2009 12:19pm
282 Views
Post# 16350544

Perspective

Perspective
MTB shareholders have to realize that if the additional 20% does not go to DEC then MTB will be picking up a portion of the costs to further explore/drill and develop the property.

Up to now DEC has been paying the full cost and MTB has had a free ride. I understand that MTB has no or very little cash. In order to pay their share of costs going forward they will have to raise funds and further dilute the stock. We currently have results from 4 holes, this is a long way from becoming a mine. I don't view having MTB take on some of the costs/risks a bad thing.

I'm not trying to be negative, I have about the same amount invested with MTB as I do with DEC.

The other wild card for DEC is the Silver Crown Claims which they have a 100% option on. My understanding is that the later drill holes (9 and up) are about 120 meters from the Silver Crown claim and that the deposit appears to be trending in that direction.
Bullboard Posts