ears openthings are a bussle on their ontario project near wawa, everyone and there uncle was in the area resizing their claims in jan/feb. 14 investors flew in to view neighbour by the name of richmont (ric). richmont issues 11 million shares in fear of take over, rbc,bmo,nesbitt fully subscribe.
AR will make a play for their neighbour's property. If AR is able to get rbc,bmo and nesbitt in their court a nice friendly take over will be in the cards. The majority of these shareholders are in deep, in order to make AR a success they will need the neighbouring property, its staff, crew, ponds and mill. The recovery rate on their leaching is 50 to 60%, RIC has hit excellent grades at 610m level, and no money to get at it, enter AR, good cash flow, half decent grades for an open pit. bundle these two players together and you have a world class mine, low cost. The base study is done, the power lines and bids on property are progressing, AR has purchased a base in the town of Dubreuilville at an old mechanical shop.
watch and listen, it could get very interesting in this area right shortly