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Goldrea Resources Corp V.GOR


Primary Symbol: C.GOR Alternate Symbol(s):  GORAF

Goldrea Resources Corp. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. Its mineral prospects focus on gold, copper, silver, platinum, palladium, molybdenum, and iron as the major metals of interest. The Company holds interests in one resource property in British Columbia, the Cannonball Property. It holds a 100% interest in Cannonball Property, which covers 1510 hectares (ha), and is located approximately 15 kilometers northeast of the former Snip mine in the Iskut River district of northwestern British Columbia. The Company’s Adrian Property covers approximately 2,269 ha of mineral claims which adjoin the northern boundary of its Cannonball Project. Its other properties include Link Property and King Property. It also owns a 100% interest in two mineral tenures in the Golden Triangle of northern British Columbia. The two claim tenures cover about 71 ha that adjoin the west side of Goldrea's Cannonball property.


CSE:GOR - Post by User

Post by splitcoreon Dec 05, 2013 9:23am
243 Views
Post# 21973652

The Daye mine.

The Daye mine.I figure you guys are both right and wrong at the same time. 

You are correct in that, at this time, there is a definite fizzle in the air.
It's almost impossible to raise construction capital to produce moly., manganese, and rare earth minerals in North America with the present price of these commodities.

But you may well be wrong as far as no prospects.  As for selling the Daye mine, Larry is caught between a rock and a rock.  At the current price of gold, I doubt he would be able to barely break even on a sale.  GOR has invested millions to build and  prepare the mine for sale..... but not until gold goes up to about $2.k/oz.
So we wait and, hopefully, Larry can also wait  for the markets to improve.
But, don't write it all off just yet.
Split.
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