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Arianne Phosphate Inc V.DAN

Alternate Symbol(s):  DRRSF

Arianne Phosphate Inc. is a Canada-based development-stage phosphate mining company. The Company is engaged in the development of its Lac a Paul phosphate deposits located approximately 200 kilometers (km) north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits produce an igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company is specialized in the extraction of independent phosphate rock. The project is an undeveloped phosphate deposit globally. The Company’s phosphate is used in fertilizer production, preservatives, animal feed, fungicides, water treatment, the beauty industry, metallurgy, and advanced battery technology. The Company's subsidiary is 9252-5880 Quebec Inc.


TSXV:DAN - Post by User

Bullboard Posts
Comment by Shylockon Aug 30, 2018 3:19pm
165 Views
Post# 28544730

RE:RE:RE:RE:RE:Seven year low

RE:RE:RE:RE:RE:Seven year lowAlmostThere9531 - So far as I know, everything is in "go" mode. 

The apatite project is now going through the Canadian Environmental Assessment Agency assessments and consultation with First Nations and the current conclusion is, "The content of the draft report meets Port of Saguenay’s expectations. Arianne is pleased to see progress on this project and that the number of remaining steps before the ministerial decision is decreasing."

"The CEAA concludes that: “given the application of the mitigation measures, the Project is not likely to cause significant adverse environmental effects.”

This can be read about here:

https://ceaa-acee.gc.ca/050/documents/p80103/123602E.pdf

The appointment of M. Claude Lafleur to Arianne's Board of Directors is very significant.

This company continues to execute and in my humble opinion is a strong buy here.  The lows are in.  When, as I sais in a previous post, the importance of phosphates is discovered by the share-buying public and Arianne has fewer and fewer hurdles to overcome, it's "Katy, bar the door!"

When the price runs up on this share, it will be fast and hard.

Good fortune to all.
Bullboard Posts