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Highbank Resources Ltd V.HBK

Alternate Symbol(s):  HBKRF

Highbank Resources Ltd is engaged in the business of acquisition, exploration, and development of mineral resource properties in Canada. The company's project includes the Swamp Point North project.


TSXV:HBK - Post by User

Bullboard Posts
Post by glaciermanon Dec 09, 2014 9:40pm
157 Views
Post# 23213137

Agg business in NWT

Agg business in NWT
Some disturbing parallels  between Northern  BC and NWT when the dream dies.     
 
"Last spring, Husky Energy and ConocoPhillips, two large leaseholders in the area, rocked Tulita and Norman Wells when they separately announced they wouldn’t be drilling in the Canol Shale Formation during the 2014-15 season. Both companies had been doing exploration work, and people in Tulita were caught off guard.
Eddy McPherson, part-owner of HRN Contracting Ltd. in Tulita, says his company will be impacted “big time” by the cease in activity. HRN recently dropped “a good couple million” on things like trucks for hauling rocks in anticipation of continued work. Last winter he had as many as 60 workers — mostly from the Sahtu, he said — but he thinks he’ll be down to a “skeleton crew” of five this winter, scraping by with some work on the ice road."
Bullboard Posts