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Artemis Resources Ord Shs ARTTF

Artemis Resources Limited is gold copper and lithium focused resources company. It holds three projects in Western Australia, including Carlow Castle gold-copper-cobalt project in the West Pilbara; Paterson Central project in the Paterson Province (located adjacent to Greatland Gold / Newcrest’s recent gold-copper discovery at Havieron, and Osborne joint venture in the West Pilbara. The Carlow Castle gold-copper-cobalt project is situated in the mining jurisdiction of Western Australia’s West Pilbara, 25 kilometers (km) from the regional city of Karratha. The Carlow deposit is on granted exploration license E47/1797 and is only 35 km from Artemis resources 100% owned Radio Hill Processing Plant. The Lulu Creek Gold Project lies 20 km to the west of Artemis’s Carlow Castle deposit. The Paterson Central Gold-Copper Project is located within the Yaneena Basin of the Paterson Province. It controls 144 square kilometers (km2) of prospective tenure adjacent to Green Tech and Azure Minerals.


OTCPK:ARTTF - Post by User

Post by arh0070on Nov 30, 2017 10:41am
204 Views
Post# 27063281

Straws in the wind

Straws in the wind 1)Kirkland lake listing in Australia is merely increasing its audience as potential investors, it has a major mine in Australia and now speculative investments in the pilbara .Tony Makuch is quoted in the media as saying this (the pilbara)is an exciting prospect but still very speculative .it is has nothing to do with taking over artemis .If anyone gains from this pilbara gold rush it will be Kirkland Lake ,they have two producing mines ,plenty of cash flow and a smart CEO .
2)the novo /artemis joint venture will shortly be operational with novo as the manager ,all novo has to do is spend a bunch of money which artemis will not be able to match and it will get 100% of the joint venture .
3)artemis is going crazy with multiple commitments to multiple projects ,Lenigas must have add or need to take lithium ,it will not be able to fund all these projects without enormous dilution .Lenigas and his partners have made the big money (25 bagger ina few months from thier cost of 2 cents ).
4)prospecting by individual prospectors is now shut down for the season(its too hot in the pilbara ).
5)kairos just reported good drilling results and the share price dropped so the speculative frenzy has cooled down for a while .
6)technically long term artemis has a way further to fall.
7)I think artemis and Lenigas will just fade away ,they have made thier money and I very much doubt that they have the financial ability or technical ability or management ability to run a gold mine .
to establish a profitable gold mine takes a long time and lots of money which artemis doesnt have.
8)meantime the price of gold is falling .
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