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Adamera Minerals Corp V.ADZ

Alternate Symbol(s):  DDNFF

Adamera Minerals Corp. is an exploration stage company, which is engaged in the acquisition and exploration of precious metals. Its projects include Cooke Mountain Project, Buckhorn-2, Empire Creek Project, Flag Hill Mine Project, Talisman Historic Copper-Silver Mine, and Hedley Project. The Cooke Mountain project includes the Goodfoot, Lamefoot South, Overlook, Oversight, Lambert Creek and the HLK claims. It holds a 100% interest in the Buckhorn Project. The project area located in Northeast Washington state covers 9100 acres and extends more than 10 kilometers to the Canadian-USA border, along the western margin of the Torada Graben. The Empire Creek property is located on the western margin of the Republic Graben 6km south of the K2 Mine which produced over one million ounces of gold and 15km north of the Republic gold district. The Hedley project area covers approximately 154 square kilometers of prospective land. It also has the rights to explore the Flag Hill South gold property.


TSXV:ADZ - Post by User

Bullboard Posts
Post by JamesEbischon Apr 04, 2015 8:50am
126 Views
Post# 23596528

Do Not Despair

Do Not DespairFor those who worry about Adamera, there is no certainty that they will survive these hard times, but I might point out that the reason they have a 1.7 million dollar market cap now is the quality of their projects within a short distance of an existing mill in a well-established mining district where the public historically supports mining. Compare that to many of the juniors that are illiquid, and have six-figure market caps at a 1 cent share price. Financing at $0.05 is doable for small amounts, unlike financing at $0.01. And, Adamera is struggling to go forward because they have no other choice. Failure is not an option. Management is not wealthy, and their future depends upon success. There is no better incentive for success than the vision of becoming destitute. You can be sure that someone with money and vision is probably looking at Adamera as a possible takeover candidate or a private placement at these ridiculous low prices. The recent discovery of historic Echo Bay drill holes on their Oversight property with long intervals of high-grade gold really changed the company value, although the market does not yet fathom that concept. Opportunities like this can certainly create a profit if all goes well. Especially if we are at a low in the cyclical gold price right now. With significant gold grades, a company has more options for success. Maybe they will end up with the mill through some kind of royalty agreement. Maybe they will just be bought out by a junior producer. Maybe this is the beginning of a new mining company evolving from a junior explorer. There are many possibilities given the favorable parameters at play here.
Bullboard Posts