GREY:PCCLF - Post by User
Comment by
moneymotivatoron May 01, 2010 9:48pm
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Post# 17052941
RE: Sprott
RE: SprottMantaro Phosphate Deposit is 45.17 million tonnes grading at 15.4% P2O5 and also
Paris Hills project which has ????
Market Cap : 143.3 Million
`A trenching and drilling program commenced on a portion of the propertyin the first quarter of 2009 with the goal of increasing the size andconfidence of the existing inferred mineral resource. The program isexpected to be completed by the end of the third quarter of 2009``
- sounds risky and hence why the market is giving positive values to the deposits, market must be expecting huge increases in reserves, whereas Phoscan is probably tapped out hence no news in over a year lol.
https://www.sprottresource.com/stonegate_agricom.html
https://www.reuters.com/article/idUSN2118374420100421
Sprott obviously likes phosphate in the long term considering there are majority owner in both stonegate and phoscant.