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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based investment vehicle considering potential opportunities in all industries. The Company has not generated revenue from its operations.


TSXV:SA.H - Post by User

Bullboard Posts
Comment by buyb4its2l82on Oct 30, 2012 7:57pm
115 Views
Post# 20542099

RE: RE: Southern Arc Year-end Financial Results an

RE: RE: Southern Arc Year-end Financial Results an

I am not sure what an Industrial Forestry Permit is, but this is not the application permit SA applied for. My guess is that I read a while ago one of the original partners with SA was a Oil Plantation company. Not sure whether it was in Lombok or Sumbawa, but I would guess that SA bought the already applied and approved Industrial Forestry Permit from that Plantation Company in Lombok. I remember John Proust saying that there were forests there at one time and then they were harvested. This could be a so called double guarantee when they receive the borrow use permit for the Lombok property. The key is to get that permit so that the $ 800,000.00 bought permit works. I think this was an Oil Palm Plantation original permit. Probably a good buy at the time. Cheers. 

Bullboard Posts