OTCPK:BRNGF - Post by User
Comment by
scottpiperon Feb 13, 2008 8:51pm
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Post# 14369875
Not Sure but....
Not Sure but....Butte: is in the states
Bolero Secures Large Undeveloped Molybdenum Property in Colorado
The Company is pleased to announce that it has entered into a Letter Agreement to acquire certain private surface and mineral rights (including patented claims) that host the Silver Creek molybdenum project and other copper-gold occurrences located in the Pioneer Mining District, Colorado.
The Silver Creek molybdenum project was explored by The Anaconda Company, from surface and underground during the period 1979 through 1983 with 63,000 feet of drilling completed. In May of 1984, Anaconda reported a historic inferred resource based on four drill holes of 44 million short tons (39.9 million tonnes) at a molybdenum (“Mo”) grade of 0.31% Mo, or 0.527% MoS2, within a 0.20% molybdenum cut-off, containing 273 million pounds of molybdenum
Butte is in the states: 170 millio pounds if you read through the old technical report they are brning current.
The Company entered into an option agreement dated February 18, 2005 whereby the Company can acquire a 100% interest in the Bald Butte Property in Southwestern Montana. The option agreement includes a total of 22 patented claims, comprising approximately 350 acres, and an area of interest with a radius of 0.5 miles from the property boundaries. The Company has acquired through staking, an additional 10 claims (contiguous to the property and included in the area of interest) to cover possible extensions of significant mineralization.
And Glutch is in montana 392 million pounds as per February 13 Release
On December 30th, 2004, United Bolero entered into the Cannivan Gulch Mining Exploration and Option Agreement (“MEOA”) to acquire a 100% interest in the Cannivan Gulch molybdenum project. The property was acquired from MKM Enterprises and Verde Ltd. (the “vendors”) based out of Missoula, Montana. In order to earn a 100% interest in the property, net of a 2% Net Smelter Royalty (NSR), United Bolero is required to make specific cash and share payments. These requirements are disclosed in the notes to the financial statements.
To the best of my knowledge TJS currently has 478 million pounds and growing, TTQ has 625 million pounds and growing, CMS will be lucky to hit three from what I have read....Personally of the four CMS is the highest priced due to the o/s of more that 100 million.....Then TJS, then TTQ and BRU is the most under valued from what I have seen to date for what it is worth.
273+392 already on 41-103 = 665 million pounds and an addtional 170 million plus coming from BUTTE shortly puts this company with the most moly from a Junior I have seen.....plus silver Creek is something like 0.30% moly which is high.
Hope I did not bore you and GLTY