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IBERIAN MINERALS LTD V.IML

"Iberian Minerals Ltd is engaged in the exploration and development of mineral resource properties."


TSXV:IML - Post by User

Comment by Camsgoldon Sep 06, 2016 10:18pm
297 Views
Post# 25212428

RE:RE:RE:RE:Not on site Reply to all!

RE:RE:RE:RE:Not on site Reply to all!Haven't heard anything in the past few days. Site visits start any day for the investment community. I am just speculating ( or using common sense) Greg and Duane aren't showing them that the tech is (not ) working. 
Second unit will probably start a bit late as the unit is larger and needs to be somewhat reengineer'd, with proper pump sizing etc. it was to fire up late Sept. But I'm thinking late Oct. Nothing happens exactly according to plan when you are building equipment.
As always the price of gold is our friend.
Patience is key. Again the best is yet to come when production is announced and a junior announces substantial cash flow months into the process.
That is what makes the tech game changing. Can you imagine, you have been sitting on a gold rich play for years because there wasn't enough volume to warrant 20 to 100 million to build a mine process plant. Now for "well" under 2 million you are operational.( lease or share mine) Plus you have a protable grinding system and you are permitted in weeks or months (instead of years) because of the environmental friendly nature of the entire operation. AND you don't need a bizillion gallons of water to operate. 
Is there a missing piece?? If there is............. I'm "missing" it.

Then there is the iron ore in Spain. European manufacturers only buy above 62% FE IO.  (We have 65fe)This is due to the pollution created firing ore below that %age. There is between 2 and 4 billion $ of IO in
Cehegin and it has power, rail and toll free roads to a deep sea port 100 km away (Cartagena.) This stock is worth 20 pennies based on that alone never mind what is going on with Mineworx. Enjoy the ride!
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