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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 Schmobyon Jul 28, 2017 3:47pm
112 Views
Post# 26523302

DEC vs PRB

DEC vs PRBBack when I was buying juniors like Decade in 2006-2010, I also owned a company called Probe Mines. They went on to prove up a 3-4m oz au deposit. They sold this to Goldcorp about 3 years ago for $525M. I think I made about a 500% return on it. They are now called Probe Metals.

The management team is very strong with this company and they managed to keep all their other core assets and a lot of cash, something around $30m. They are now doing the exact same thing in highly prolific mining area, Goldcorp still holds around 20% of the company. They currently have around 1m ozs proven and are drilling and expanding the zone still. I expect they will do the same thing again from what I see and my experince with them, ironically the BB isn't polluted with pump and dump comments and posts, another bad sign I find generally.

They have a massive land package in a great mining district. My point is that if you take a look at Probe vs Decade you will see how much of a difference solid management can make and ultimately benefit the shareholder and not just themselves. Juniors that don't have cash or continually dilute their shareholders rarily pay off I find. Combined with lack of proper NR's, IE no actual grades or assays and then rumoured updates that come and go. That leads to lack of crediblity and subsequently lack shareholder value IMO.   
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