TSXV:FRDY.H - Post by User
Comment by
ghosttraderon Jan 29, 2010 5:23pm
366 Views
Post# 16734472
RE: RE: RE: thoughts
RE: RE: RE: thoughtsIf I might weigh in, the samples and results are very thin at best, yes they are over some good distance but if this is to be considered worth mining they have to find something more significant. The good thin about Chile is if they do get a good discovery the labour and gov't taxes are so cheap that the companies cost per ton to get the gold out will be very low.
For now this will be looking for a new floor and I would think that will be around 20 cents soon.
I am only commenting based on todays news and my knowledge of the economy in Chile. I do not have an interest in this company, if future drilling looks promising and the entry level for the shares is beter then I will look at adding this to my portfolio.