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Seafield Resources Ltd V.SFF



TSXV:SFF - Post by User

Post by kruganon Mar 03, 2013 9:09pm
219 Views
Post# 21071557

Rio Novo's Almas project

Rio Novo's Almas project

Miraflores and RN Almas project are almost mirror of each other and RN is expecting to be producing gold from this project by the end of 2014 pending financing, and that they have indicated have enough banks interested, which I guess bodes well for Seafield if they want to be in Production by 2015.  It'll be intresting to see Rio's SP once they announce they have the financing in place and they already purchased a 5800 tpd ball mill that's at site.

One huge difference between them as noted on their website is that 52% of their shares are owned by management and insiders.  If anyone is going to PDAC this week this would be a nice question to ask the management team and why they don't have more skin in the game especially with the current share prices.

 

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