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Otso Gold Corp. V.OTSO

Otso Gold Corp is a gold mining company. The company's only segment being acquisition and exploration of gold resource properties. Geographically, it has a presence in the Americas and Europe.


TSXV:OTSO - Post by User

Comment by Corum1975on Jun 24, 2020 10:57am
161 Views
Post# 31185655

RE:RE:RE:RE:RE:RE:RE:RE:Bottomline....

RE:RE:RE:RE:RE:RE:RE:RE:Bottomline....The mill has been prepared in 2011 for reserves of 12.9 million tonnes with an average gold content of 1.85 grams of gold per tonne, corresponding to 23,850 kilos of gold. Gold Price : upwards of 1700 an ounce.  This was proven to be incorrect disclosures in Financial Year 2012-2013. Investors from 2012-2017 could not re-engineer this mine to the above mentioned metrics after having invested 500M Euros.  One of them being Eldorado Gold, the 10th biggest mining co globally (Investment 40M USD).

So if Lionsbridge has any claims towards 1,85 gms, 12,9million tonnes of ore, 23,850 kilos of gold then of course the mill would operate at 100% capacity. 

If not, then financial reengineering on the mill is the only solution . Mine reengineering will produce zilch results. And if you think Lionsbridge would have claims towards the above then trust me they would go to the jail. 
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