Interesting article on BNTFP says Blue Note CEO singing an upbeat tune these days
Ticker Symbol: C:BNT
FP says Blue Note CEO singing an upbeat tune these days
Blue Note Mining Inc (2)(C:BNT)
Shares Issued 96,461,961
Last Close3/9/2010
.12
Tuesday March 09 2010 - In the News
TheFinancial Post reports in its Tuesday edition that you cannot hold MikeJudson down. The Post's Peter Koven writes that in late 2008, hiscompany, Blue Note Mining, was forced to shut down its Caribou miningcomplex in New Brunswick because of low metal prices and go through amajor restructuring. But today, the entrepreneur is back with a focuson gold, and has picked up a promising project in Val D'Or, Que.Blue Note is now on the hunt for $15-million of financing to restartthe Croinor project, which could be in production as soon as July ifeverything goes as planned. It is expected to produce 40,000 ounces ofgold a year at cash costs of about $550 an ounce. It acquired theproject by buying X-Ore Resources Inc."The guy running X-Ore had taken it as far as he could. He needed help,and we saw a cultural fit," Mr. Judson said.Blue Note has a number of other irons in the fire as well, including arecent oil discovery in Utah. Mergers and acquisition opportunities arealso a possibility."There's two in particular we like. One is cash with no project, theother is a project with no cash," he said.Mr. Judson is also performing in the Royal York with his band, Mike andthe Miners.