TSXV:SFX.H - Post by User
Comment by
jsnfernleyon Oct 21, 2021 10:45pm
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Post# 34035789
RE:Company Merger
RE:Company MergerIt means that someone else with substantial assets is going to take over SFX to get a public company listing in exchange for their iron ore assets.
SFX shareholders will hold 20% of the new shareholder base after the 27 to 1 consolidation and payment of 24m post-consolidation shares to the owners of Barlow Mine Inc.
There is a substantial amount of recent work done on the assets, I will provide a link to a very large pdf file with 43-101 compliant resources (4.7b mt of about 22% Fe on Iron Hills and Adam River combined) and reserves (174m mt of about 24% Fe on Iron Hills property only, minimal strip ratio, higher grade in the first phase of open pit development).
https://gq.mines.gouv.qc.ca/documents/examine/GM69217/GM69217.pdf
Yes, you could read the whole thing, but even I don't. Sections 14 and 15 of the first document (about 1/6th of the way through the entire pdf) will tell you the majority of what you need to know about the iron ore properties.
Enjoy.