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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

Olivut Resources Ltd. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company’s projects include the HOAM project and Seahorse project. It has a 100% interest in certain permits in the HOAM project located in the Mackenzie Region, Northwest Territories, Canada. The HOAM Project Area covers part of the Interior Plains region south of Great Bear Lake in the southwestern part of the Northwest Territories. The community of Fort Simpson is located approximately 15 kilometers (kms) from the HOAM property in the south and the village of Deline is located about 20 kms from the project area in the north. It also holds 50% interest in the Seahorse Project located in Canada’s Northwest Territories.


TSXV:OLV - Post by User

Comment by JedDavison Mar 12, 2021 7:27pm
124 Views
Post# 32791250

RE:RE:RE:Why did lassonde throw good money after bad??

RE:RE:RE:Why did lassonde throw good money after bad??

Hi stever50:
Pierre would not have gone after an additional placement unless there was something there. He does throw out money. Given the history of olv.v, the problem with saying anything now is that it is going to be scrutinized for every possible interpretation and will be analyzed and analyzed and analyzed. You will hear from them when there is someting concrete to say. If REEs are involved, that is a very messy and complicated process because 1.) of environmental regulations and; 2.) the geology for each site is totally different in spite of the fact that you are mining the exact same mineral that is being mined at a different location. As the the investment somber mood has given way to increased interest in the mining industry, I woiuld expect to hear something this year or next. The U.S. economy is about to really accelerate now that the virus being defeated and there is stability in the White Houase for the first time in 4 years.
JD

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