Longhorn Exploration Corp T.LEX

Primary Symbol: V.LEX

Longhorn Exploration Corp. is a Canada-based company, which is primarily engaged in mineral exploration activities in British Columbia, Canada. The Company is focused on Lily Rock Hydrogen Project, covering approximately 519.7 net acres of land located in Kansas, United States, which allows for the prospecting, exploration, drilling and production of any substance including hydrogen gas. The Company also has an option to acquire a 100% interest and title to the Fame property located in the Clinton Mining Division, British Columbia. The Company has the rights to acquire 100% of the optionor's 11 mining claims located in Chilcotin, British Columbia, Canada. It is also focused on the acquisition, exploration and development of natural (white) hydrogen assets. It holds five natural hydrogen lease agreements in Kansas, USA, covering approximately 829.20 acres.

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Longhorn Exploration Corp > 1-2 Years PAYBACK !

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Comment by martinboyon Apr 23, 2014 8:47am

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Post# 22480257

RE:1-2 Years PAYBACK !

What does this exactly mean ? To build the mone would cost C$ 58 million (which LEX does not have). It will be low (or rather "medium") cost mine ($ 865 .. is this "all-cash-costs included" ?), but what dies it mean C$ 33 mill of NPV ? Does not sound much to me, in fact very "tiny" in terms of gold mining ?

I do not understand this news.
Is it good or bad ?

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