Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Gold Springs Resource Corp. T.GRC

Alternate Symbol(s):  GRCAF

Gold Springs Resource Corp. formerly known as, TriMetals Mining Inc. is a growth-focused gold exploration company creating value through the exploration and development of the Gold Springs project in Nevada and Utah, U.S.A. Management has extensive experience in global exploration and the mining industry.


TSX:GRC - Post by User

Bullboard Posts
Post by eebleron May 27, 2012 9:39am
404 Views
Post# 19950317

New Corp Presentation

New Corp Presentation

They have posted a new corporate presentation on their website.  Nothing really of significance added other than a brief mention of the recent asian investment, so not much new to see.  They are still indicating that an updated Economic Assessment is to be released in June for MK, where the increased production target they have been mentioning is very likely to be formalized.  And then there is the work on Escalones, which will result in an updated resource estimate (no timeframe given) that will be used to produce a PEA for it in Q4/12. 

Retail investors make up 27% of total float, with the rest held by institutions, private investors/equity firms, and insiders. 

They had $38m in cash as of May 18th, and they look to be burning just under $1m per month in expenses, so they have "lots" of money to keep on executing their plan while all the euro-turmoil continues to play out. 

Bullboard Posts