RE: Scotia Just Picked up 1.14 Million SharesKeep in mind, Rib, the shares Scotia picked up today were dumped at the bid by TD. TD has been a major seller at times, and I assume a few people picked up large positions in the .02 - .035 range over the last year and are cashing in.
Either way, we are starting to settle in for a nice base at .05. I am anxious to see the news of Majestic recieving their payments - $7M from the sale of their Sawayaerdun property.
On a side note, you indicated that Song Jiaguo is the property most are interested in, and it is this property that uses the Muping JV or processing. As per Hobbits:
Mike has just returned from China and reports, "I visited the Mupingmine site where I was pleased to see that the Muping mine is operatingat 1,500 tons per day, its maximum millable tonnage. Muping is fullypermitted with an existing Chinese mining license and Majestic isexpecting to expand this to 6,000 tons per day as per the studiesperformed by Wardrop Engineering."
As per their website for SJ:
"
Project Highlights:
- Situated in well known gold belt
- Recent results indicate potential bulk mineable resource (Song Jiaguo)
- Ave 6 m @ 1.6 g/t from sampling along each of the 4 underground cross-cuts
- Historical High Grade Resource* 0.35 Mi oz Au reported on license (*Not NI 43-101 compliant)
- 1.8 Mi tonnes @ 6.76 g/t (1998 Shandong 3rd Geological and Mineral Institute)
- Open at depth
- Current production 120 tonnes per day mining and milling operation
- Joint venture with Shandong Yantai Muping Gold Mine (production company)"
Just trying to avoid confusion here. If anyone has details or corrections to add, feel free.
Cheers,
B