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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 metalslugon Nov 03, 2010 4:22am
292 Views
Post# 17649535

RE: RE: Fed Decision on the Prosperity Mine

RE: RE: Fed Decision on the Prosperity MineOne thing is certain.. Taseko will be hit hard. Will this affect SPA as well? Used to own this stock.. I was thinking of buying some again but this decision makes me worried and proves that it will be very difficult to bring Spanish Mountain to a producing mine. Not only because of the First Nations but because of the grade/cutoff issue that's been bugging me since Brent Cook brought it up.. there's only a 0.3 g/t margin which is very tight.. the question is if this is ever going to be economic? Perhaps if it was 10 Moz and all of it starting right at the surface but now? At Spanish Mountain you got parts of the system that have acceptable grades and other areas that have very low grades, which will make it even more difficult to mine.. they have to figure out and pick the exact right spots to mine. I guess that's why they have been trying to find a decent starter pit the for last couple of years.
Bullboard Posts