Banks Island Gold Ltd BKSLF

Red MoRE: RE: new aquisition

[miningman3]

The Red Mountain property has been known for years. Even if future drilling proved up  5 million ounces,  the economics would be marginal.  Unless you use a helicopter,  the only land access is over a moving glacier  which means`that all the money you spend in one year has to be respent  the next year because the road  you built last iyear isnt where yiou need it  this year... and we are not talking of just a few feet movement!!!!.

However  the bigger problem is management.  Check out Fred Sviensons track record most recently with Merit Mining,  and before that with Gold City and others.  Then ask yourself if you want to invest.

Caveat Emptor was never more true