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Sphere Resources Inc SPHUF

Sphere Resources Inc is engaged in the acquisition and exploration of exploration and evaluation assets in Canada and...


GREY:SPHUF - Post by User

Bullboard Posts
Post by OilGoldon Jun 08, 2011 6:06pm
349 Views
Post# 18689950

Potential

Potential
From Md&A
Kaldora has agreed to 
pay DRL the sum of US$4.9 million of which $1.0 million has already been paid with the balance to be paid on or 
before June 30, 2011. 
from remaining 3.9 mil they owe 2.1Mill
that will leave 1.8 Mill dollars that is lots of money to start exploration work and prove some resources and appreciate the SP.  
It has good of potential in my opinion with their properties in Red Lake and in US.
I think they should be starting  exploration work in Red lake soon, surveys and other works are completed some time ago.
do your Due  Diligence
Cheeeeers.
Bullboard Posts