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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Comment by moreag4meon Mar 03, 2011 1:42pm
441 Views
Post# 18226281

RE: RE: Beautiful breakout today - Up $1.14 now

RE: RE: Beautiful breakout today - Up $1.14 nowTruthMachine the reason snowfield has sat as long as it has without much exploration or development is the POG has been too low to support the development of any large low grade open pit in a mountains area without road access that receives 75+ feet of snow a season.The brucejack is a different story, tunnels and stopes are down to the ore body since the early 90s but low gold prices with high development costs of the area caused Newhawk mines to mothball the project.Back in the day they used bulldozers and sleds to get supplies to mine over the glaciers.As a tidbit in 89 two supervisors were murdered underground when a magazine 600' down the main tunnel was ignited,they never caught the man that lit the fuse and the RCMP still has it listed as a unsolved murder.
Bullboard Posts