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Torq Resources Inc V.TORQ

Alternate Symbol(s):  TRBMF

Torq Resources Inc. is a Canada-based copper and gold exploration company with a portfolio of holdings in Chile. Its projects include Santa Cecilia, Margarita and Andrea. The Santa Cecilia project is located approximately 100 kilometers (km) east of the city of Copiapo, Chile, in the southern region of the Maricunga belt and immediately north of the El Indio belt. The property covers over 3,250 hectares (ha) and is immediately adjacent to the Norte Abierto project. The Margarita Iron-Oxide-Copper-Gold (IOCG) project is situated in Chile, over 65 km north of the city of Copiapo. The Margarita project is comprised of approximately 1,245 ha. The Andrea copper porphyry project is situated in northern Chile, over 100 km east of the city of La Serena. The property is located at the western margin of the Miocene aged El Indio belt that hosts the El Indio and Pascua Lama epithermal gold and silver deposits. The Andrea project covers over 1,200 ha at elevations ranging from 3900-4900 meters.


TSXV:TORQ - Post by User

Bullboard Posts
Comment by Jmarks1on Oct 30, 2008 5:36pm
276 Views
Post# 15556905

RE: RE: Repuve

RE: RE: RepuveI can't read Spanish however all my research has indicated the only area that 3M/Sirit bid did not meet the bid process was on price. It was not the cheapest bid. On the technical side they meet all criteria that is has been published.

If anyone who does read Spanish can tell me where the bid fell down on technical merits I sure would like to hear from you.

As a side bar though, Sirit needs cash and a large sale soon or else Norbert is going to have to pull a Rabbit out of his hat to become cash flow neutral be the end of the year. But who really knows how many readers are being delivered to the DOD and partners, as well as all these little orders that we hear of from time to time.

IMHO made no mistake, Sirit is in a a precarious position right now ( from what we know) because of their cash position and large number of OS shares.

P.S. I personally I'm not holding my breath on Mexico, it's just too corrupt and with a minority government it is going to be very hard to pass a resolution with so many varied interests at stake.

John (Long and holding)
Bullboard Posts