GREY:VAALF - Post by User
Post by
rborhion May 28, 2009 11:09am
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Post# 16023159
Gold at Brauna
Gold at BraunaI'd like to hear more about the gold potential at Brauna. Seems gold is picking up in the market and this would be a good angle for the company to sell to the market. Gold has been a by-product of their diamond mining last year too.
I think the deal announced this week is good. They got 5 million of value for a stake in only ONE of their projects that they are still eligible to reclaim up to a 49% interest in, with bulk sampling costs to be covered by the private group. They will have cash in the bank for this project or another of their projects, and a diamond mine on stand by ready to start up again when markets improve. In this economic climate its a great deal.