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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Post by OilSandSamon Dec 06, 2006 10:01am
429 Views
Post# 11814636

Value

ValuePenoles just did a first pass on a small part of a 38,000 hectare project. Today we just had another nice iron added to the fire. This is all great, but the near term value that is going to be added is in the Moris mine. I would encourage all to look at the past info on the mine and crunch a few numbers. One thing Manhatten couldn't do when they owned the mine was to have the land package to go with it. We have assembled all the pieces and have the gold price to make it all work. Not only that, we have a J/V partner with 100 years experience to give the operational experience and reduce the risk to us. 30% of a 3000 T/D mine/mill is 900 tonnes throught put. Look at what some juniors with 200 T/D mines are trading at. Do your DD boys, you'll be glad you put in the effort. My opinion.
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