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Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Bullboard Posts
Comment by oxinoson Oct 25, 2010 9:57am
284 Views
Post# 17606545

RE: RE: GYD as per kkkrrr

RE: RE: GYD as per kkkrrrI don't understand why people have to see the PEA before they will believe that Spanish Mountain is economic. Here in Grayd Resources we have a similar grade but recoveries are lower by about 6%, yet it shows that it's economic. The resource is one quarter that of Spanish Mountain. Just do the math. If GYD is economic at 84% recovery, why wouldn't SPA be with 90%+ recovery and four times the resource? The bigger the project, the more economic it becomes. GYD uses $950.00 gold price. Can anyone guess what the obvious number will be for SPA? If you can't then have someone else make investment decisions for you.
Bullboard Posts