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CRRC ADR CRCCY

Industrials
Crrc Corp Ltd is a China-based company principally engaged in the manufacture and sale of rail transit equipment. The Company's main businesses include railway equipment business, urban rail and urban infrastructure business, new industry business and modern service business. The railway equipment business mainly includes locomotive business, motor train unit and passenger car business, freight car business and rail construction machinery business. The urban rail and urban infrastructure business mainly includes urban rail vehicles, general contracting of urban rail projects and general contracting of other projects. The new industry business mainly includes electromechanical business and emerging industry business. The modern service business mainly includes financial business, logistics, trade business and other businesses.


OTCPK:CRCCY - Post by User

CRRC ADR > A Mini BHP Billiton?
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Comment by gchandleron Dec 22, 2010 12:10pm
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Post# 17882664

RE: A Mini BHP Billiton?

RE: A Mini BHP Billiton?" Cerro resources, it comes to ~12.5moz Au equivalent.  And, do not forget the iron ore at Mt. Isa."

This does not include that Cerro discovered the Kalman Molybdenum-Rhenium Deposit in October 2005 whilst deep drilling a known copper occurrence. Extensive drilling from 2005 to 2008 delineated an Inferred Resource of 26 million tonnes grading 0.11% molybdenum and 2.8g/t rhenium, within a larger copper gold system that contains 61 million tonnes grading 0.32% copper and 0.15g/t gold.

The Kalman project molybdenum deposit is ranked in top 10 in the world on size and grade.

Rhenium spot price $5000 a kg.



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