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Golden Dawn Minerals New GDMRF

"Golden Dawn Minerals Inc is a Canada based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. The company is an exploration stage company being all the mineral properties it owns are in the exploration stage. The company operates Greenwood Gold Project which consists of a mill, tailings facilities, mining machinery and equipment and the Lexington and Gold Crown exploration properties located in the Gree


OTCPK:GDMRF - Post by User

Comment by louelon Aug 16, 2017 4:17pm
80 Views
Post# 26589286

RE:RE:More Speculation***

RE:RE:More Speculation***The way I look at it and,

    The main reasion I am here.  Is Kinross holds a mass of properties  on the Canadian side of the border. near GOM    They have been successfull  in finding mineral locations. (Yet to be proven up to a resource classification) 

   Buckhorn mill which was close has been shuttered.   It is a distance haul to their closest facility which entails  International border crossings every trip.    And reduced load weights in Washington as compared with BC adding to transport costs.
  
   Kinross could build their own milling facility on their own site.    But that would create significant time delay to production.  Entailing envrionmental permitting and  endless  studies.
   Their best choice considering GOM already has a mill,  plus proven mineral at a production cost of under $800.    Would be either partner with Golden Dawn or to take us out entirely.  
 
  Kinross is about Gold and safer working jourasdictions.  They learned a hard lesson on their DRC venture.    They unloaded their Cerro Casale operation in Chile for   $260M in June 17.  Sold because of another unpredictable foriegn government intervention. 
Quote " Kinross expects to use the proceeds from the sale for its organic development projects."
  They purchased some safer area claims in  Nevada from Barrick.    Golden Dawn fits with their intentions as you can read in the last paragraph of the following BNN report.

https://www.bnn.ca/kinross-to-retreat-from-chile-puts-unit-on-the-block-report-1.550109



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