GobiMin Inc. V.GMN

Primary Symbol: GMNFF

Financial Services Asset Management

GobiMin Inc together with its subsidiaries is engaged in the investment in equity, debt or other securities as well as direct ownership stakes in projects, including the development of mineral properties, mainly in the Xinjiang Uygur Autonomous Region (Xinjiang) of the People's Republic of China. The company's segment includes Investment business and Mining business. It generates maximum revenue from the Mining business segment.

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GobiMin Inc.

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Comment by mtsuiton Jul 24, 2009 9:56am

224 Views

Post# 16163148

RE: RE: Dilling, Mine Planning Underway

Isn't that a rather small copperdeposit (400,000 oz. so far) and low grade (.7%)? As well, Gobiminonly owns 40% of the property?

Small, yes, only 400mm lbs. But only 31 holes drilled so far.

Grade is fine for open pit mining. Do the math and figure out value/tonne.

China is deficient in copper so the government should be supportive of this project.

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