GREY:RVRCF - Post by User
Post by
factRbeston Oct 22, 2018 9:57am
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Post# 28846626
Here is a write up on The Golden Triangle
Here is a write up on The Golden Trianglehttps://www.mining.com/web/golden-triangles-red-line/ IDM Mining
In 2014 Seabridge Gold optioned its Red Mountain project to IDM Mining (TSX.V:IDM) in exchange for a series of cash and share payments and $7.5 million in exploration expenses, plus 10% of annual production. Last year the company completed a feasibility study and the proposed mine is currently under review for environmental assessment; it expects a decision by the third quarter. Glacial retreat uncovered a new discovery in 2016 called Lost Valley, comprised of high-grade veins. Mineral reserves as of June 2017 stand at 473,000 ounces graded 7.53 g/t Au, and 1.373 million ounces of silver graded 21.86 g/t Ag. IDM is currently doing engineering and metallurgical test work.
3 things
First What do you think investors do when they read the above and then see what is done.
Second How much more resource is there based on the above compared to what LAC minerals identified before being bought out.
Third Now compare what was written about IDM representing 3.5 years of exploration to the other companies mentioned.
Stick your head in the sand all you want. Don't expect or demand others to do the same!!!!