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Canadian Premium Sand Inc V.CPS

Alternate Symbol(s):  CLMPF

Canadian Premium Sand Inc. is a Canada-based supplier of patterned solar glass. The Company is developing manufacturing capacity for ultra-high-clarity patterned solar glass through the Company-owned facility to be located in Selkirk, Manitoba. The facility utilizes low-iron silica sand from its wholly owned Wanipigow quarry leases and renewable Manitoba hydroelectricity. The Company is engaged in the process of raising sufficient capital for construction and operation. The Company has over 41 contiguous quarry leases located approximately 160 kilometers north of Winnipeg, Manitoba (the Wanipigow Sand Quarry) that grant the Company the exclusive right to quarry silica sand which the Company intends to use as feedstock for the patterned solar glass manufacturing facility.


TSXV:CPS - Post by User

Bullboard Posts
Post by archimedes0070on Mar 10, 2011 2:21am
420 Views
Post# 18263504

LSG

LSGLSG is obviously on their way with their West Timmins mine and they are the successful model to compare to when thinking about CPS.

CPS is also in West Timmins and in South Timmins where they are currently drilling according to their January NR.

LSG's MC ~1.621b. CPS's MC ~4m.

LSG has other assets than West Timmins, but it is a big part of their company, as explained in LSG's NR on 2011.03.09:

https://www.marketwire.com/press-release/Lake-Shore-Gold-Achieves-Major-Milestones-2010-on-Track-Nearly-Triple-Production-Significantly-TSX-LSG-1408989.htm

CPS's presentation is not downloadable at the moment (updating?), but this page, below, shows CPS's properties. LSG's properties are in the south west of Timmins. By eyeballing this map and an older presentation I have, it appears that CPS has a larger land package than LSG. I believe it is > 200km2 at this point, which is a significant amount of land in Timmins given that it has 72moz Au.

https://www.claimpostresources.com/operations_about-west-timmins.html

The thinking for LSG and for CPS is that the Timmins gold zones extend beyond the traditionally believed boundaries. LSG's theory proved correct and they are now in production. CPS is drilling 5km as per their 2011.01.18 NR.

https://www.marketwire.com/press-release/Claim-Post-Resources-Commences-Drilling-on-the-Dayton-Racetrack-Property-TSX-VENTURE-CPS-1381688.htm
Bullboard Posts