GREY:TWNNF - Post by User
Post by
offshoreskeison Mar 15, 2011 8:42am
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Post# 18285979
The Majors want shallow high grade deposits
The Majors want shallow high grade deposits
Major gold producers want shallow high grade deposits with tonnage and have been ignoring the deep low grade deposits like Cote lake.
The double whammy of a lake and river winding through it makes W. Cote Lake even less attractive and uneconomical.
There are many shallow high grade properties with lower market caps than Trelawney mining with upgraded resources in the millions of ounces out there for the taking , and without lakes and rivers to deal with.
Trelawney Mining , at any rate does not currently have an upgraded resource that any economic value can be applied to .
Is TRR over-rated and over-valued? You bet it is ! .