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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 28, 2017 11:14am
77 Views
Post# 26628064

RE:news out tonight

RE:news out tonightNews comming out lately that's good.  Zimitu holds a few million shares.   They may try to pump it then offload.   There is no dividend so the only benifit will be from selling on a price rise.  
  Or if Kinross decides to move in.   K's Mt Atwood drilling is close,  just south of the greenwood mill Perhaps closer than the MayMac

    December Gold  contracts  highs are $1303.  Not much different than present pricing.   They do have a miniscule  copper content in the assays. which would be a side product.     And copper has been rising steadily with 90 day futures at $3.10
  
    Counteracting that is the Canadian Dollar is rising against the US      Eroding the return on these metals in canadian dollar terms,  While labor, transportation and other costs remain constant.     Kind of a double edged sword.   On one hand a higher Can. $ increases buying power for the consumer,   but hinders exports.    
  
   50% of BC's GDP and a significant portion of the other provinced, stems directly or indirectly from the forest industry.  A higher dollar equalizes cross border pricing resulting in less tarriffs for the #1 industry.   Just not an advantage for mining. 
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