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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 Yamaharz500on Mar 31, 2017 5:18pm
223 Views
Post# 26060840

RE:A call to Iberian.

RE:A call to Iberian. THE X-MILL is attached to the x-trax for processing hard rock .That is where the high grade is. $$$. Lots of companies with hard rock mining deposits are lined up to do business with iberian.That is the reason Venture Peak is out of the questions. They are not looking to buy deposit. They are doing Joint Ventures.It doesn't cost them any thing. I asked Rick how long it takes to build a mobile x-trax -X-MILL unit. He said he will know soon.If you read between the lines,they are almost done building one. $$$$. Also the x-trax, X-MILL can process 100 tons per day.That is huge for portable unit. I asked about grades from interested party's. He told me he couldn't talk about grades,all he said is high grades start at 5gms per ton. If you do quick maths.1gram of gold=40.3$5g100 tons x7 days x4weeks=564,000$ a month x 12=6,770,400$ per year .If you have 10 gt 6,770.400$=13,540,800.If you want to double that,just add an other unit. $$$ You would have to figure out operating cost.That is just 1 JV..JV are going to multiply.All of this without raising any money. I just dont understand why IML is at 9c.It blows my mind.
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