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Durango Resources Inc V.DGO

Alternate Symbol(s):  ATOXF

Durango Resources Inc. is a Canada-based natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Troilus gold camp and in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada. It has 100% ownership of the Mayner’s Fortune claims in British Columbia. The Mayner’s Fortune limestone property is located in the Skeena Mining Division approximately 7.5 kilometers (km) southwest of Terrace, British Columbia. Its 100%-owned NMX East property is adjacent to the Whabouchi Lithium Deposit and Hydromet Plant Project. It owns land packages in the Babine copper-gold district of west-central British Columbia. The Company has a 100% interest in the Decouverte Property situated in Quebec. Its Discovery Property is located about 100 km north of Chibougamau, Quebec. It holds about 9,500 hectares in the Windfall Lake exploration camp area.


TSXV:DGO - Post by User

Bullboard Posts
Post by klondikekidon Feb 25, 2017 11:18pm
262 Views
Post# 25894595

Info for speculators

Info for speculators
Back in 2010 when gold prices were approx 1200 CAD per ounce Kinross took out Underworld Resources in a deal worth 139 million bucks.   The Underworld Golden Saddle deposit had 1 million ounces indicated though.   For the current scenario with DGO, POG is higher in CAD, though they have no idea how much gold is on the property.   Time will tell, but maybe the numbers from Kinross in 2010 give you guys something to speculate price targets with (if in hypotheticals the prospective buyers assign certain percentages to the property hosting 1 million ounces -eg DGO = ??? if 10% chance, 20% chance, 25% chance etc).  Also, the motivation of the interested parties to lock up the property would facor in as well.

  https://www.proactiveinvestors.com/companies/news/72758/kinross-acquires-underworld-resources-5568.html
Bullboard Posts
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