Artemis Resources Ord Shs ARTTF

Munni munni

[arh0070]

DL tweeted from the United Kingdom (he sure gets around) about munni munni ,so I thought I would check it out .It is a jv with Platina a smaller company than artemis .According to thier (platinas)last few annual reports platinas main focus is a scandium deposit and a deposit in Greenland .Munni Munni was only ranked third and there was a comment in the 2015/2016 annual report that it was not economic at palladium and platinum prices at that point in time .Palladium has gone up but platinum has not ,it is a deposit which goes down to 1 km underground .To get 75 %of this project artemis commited to spend 750,000 aussie dollars by 2018 in exploration costs ,i believe they also gave Platina 200million artemis shares which were pre split and I think around 1-2 cents a share ,Platina got rid of the artemis shares fairly quickly and did not keep any .Platina retains 25% of the project ,in its last annual report Platina doesnt talk much about it at all.It is very low grade around 1-2 grams per ton of palladium and platinum .So from the records it doesnt seem to be a significant asset worth a lot at least in platinas eyes .DL may have some new information but nothing has been released on the Aussie stock exchange site .
I would have one other comment ,In times gone past smaller canadian miners hired pr people/ promoters to push thier stock  ,this included posting on stockhouse to promote the stock and try and push up the stock price .As far as I can tell this practice has pretty much disappeared amongst canadian miners whether this practice is still employed by small Australian miners I dont know ,something to think about  .Everyone should do thier own due diligence before deciding to buy a small miner it is risky business at the best of times .arh