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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
Comment by flyingnunon Dec 13, 2010 12:32pm
257 Views
Post# 17838504

RE: RE: good buy??

RE: RE: good buy??
The delays are a concern for me.....they have plenty of holes complete from the high grade Montrose zone.....I expect that they will finally release news on the at least 5 holes this week and then steady news flow after that every week or two so there should be steady news throughout the winter months. Based on past results from this area chances are pretty high for some good results though there is always risk in any mining play that they end up with some dusters...I doubt that will be the case as there was visible gold in the cores. I own both DEC and MTB. I think if you are in this play for Red Cliff/Montrose MTB may have less risk on the downside, they have a 40% interest vs Decades 60% but they have many more projects that they are involved in that are generating good results but have not been reflected in the share price. A poster under the handle JustAnotherGuy has recently posted some interesting info on valuations of MTB's partners that you may want to have a look at which illustrates how undervalued MTB appears to be.
Bullboard Posts