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Great Republic Mining Corp V.GRM


Primary Symbol: C.GRM

Great Republic Mining Corp. is a Canada-based exploration-stage mining company. The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. The Company is focused on developing economic precious and base metal properties of merit and conducting its exploration program on the Porcher Property. The Porcher Property group consists of over nine contiguous mineral titles covering an area of approximately 3,560.4 hectares in the northwest part of British Columbia, Canada, approximately 40 kilometers southwest of the city of Prince Rupert on Porcher Island.


CSE:GRM - Post by User

Comment by StayingLongon May 09, 2013 10:05pm
131 Views
Post# 21361178

RE: Re: Northern Miner

RE: Re: Northern Miner

echosunset,

Regrettably Rio Grande does not appear to fit the profile/mandate of Paul Matysek and his team are looking for. Looking at the news release from Jan 16th (name change from Mansfield to Goldrock) the longer term plan is to become a 250,000 ounce annual gold producer. Unfortunately Rio Grande will not likely be in the position to being a gold producer in the foreseeable future, however, there is massive potential at RG to be a "world class deposit", something that is definitely missing at Lindero. 

There is potential at RG with the NE target that is about 2 km from the main RG property. The zone (known as Cerro Corri zone) might have a (bigger?) Lindero type deposit. REG shareholders (like me) look forward to some drill results from that zone with the hopes of some nice near surface gold.  If there are some nice drill results, perhaps there is the potential (pure speculation on my part) for a deal at sometime with GRM to allow REG to use the heap leach pad under some arrangement to process the gold.

From the Jan 16th NR:

"These changes emphasize Goldrock Mines' long-term objective to become an annual 250,000 ounce gold producer either organically through development of its existing properties and/or acquisition of near-term production assets through purchase or merger."

My personal point of view is that there is a high probability that GRM will not make it to their 250k annual gold production target, in fact, I think GRM will not even produce one ounce of gold at Lindero. The closer Lindero gets to the production phase, I am of the very strong opinion that almost certainly GRM will be taken out by an established gold  producer at a share price many multiples to the current share price of 56c. Lindero will produce gold, that is a virtual certainty, the only question in my mind is what stock symbol will be stamped on that first gold bar from the Lindero gold deposit.

Cheers, (your bud is here for you), SL

 

 

 

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