OTCQX:DMMIF - Post by User
Comment by
RONNIE111on Jan 02, 2020 2:09am
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Post# 30510004
RE:RE:Titan Minerals Updates
RE:RE:Titan Minerals Updates I see that Titan is trading again ( and I use the word 'trading' loosely, manipulated would be more accurate) on the ASX. So I guess "announcement regarding TTM’s takeover bid for Core Gold Inc.", was the loan bullshxt they talked about.
And for anyone new here I just want to once again put truth to the lies that Titan only makes.
In the announcement from Tad's post Titan says:
- they 100% own the Coriorcco project. In fact in April ,2019 they made an agreement with Coriorcco Gold SAC , who actually owns the project, that if Titan develops some mineable ore on the property than Titan can truck it away by paying Coriorcco a set amount for the ore. Or they could buy the entire thing for $ 3 million. The project is early stage, with no previous drilling. And Coriorcco Gold SAC owns it 100%. Titan's statement is a total lie.
-yes they do have a right to acquire 85% of Las Antas. All they need do is spend a couple million exploring. So it looks like the owners of Las Antas value the project at maybe $2.5 million.
- and yes they are paying the fees to hold the Torrecillas Project at this time. Over the last dozens of years anyone could have 'owned' the Torrecillas by paying the fees. And a number of people have. Including Mundo, Minera, and Carr. Plus others. With the historic mine exhausted no one thinks the property has any value.
-and the Vista Mill. They don't actually say if it is still operating and it most likely is not. If the government hasn't shut it down for violations, than they would have run out of ore to feed it (they stock piled ore in 2018), have no source of ore possible from their 'properties' that they don't own for many years and millions, and should they be buying ore from local artisianal miners they would probably be losing money processing it (given their history at operating toll mills).
Looks like the $10 million, if the loan is for real, will keep them open another quarter or two.