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Spur Ventures Inc SPVEF

"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada."


OTCPK:SPVEF - Post by User

Bullboard Posts
Comment by Barley1on Jan 17, 2004 1:30am
117 Views
Post# 6908474

RE: Amazing return on capital

RE: Amazing return on capitalSnozola, the way I read it is that when they are producing 1 million tonnes they will be earning one and a half times their total investment, PER YEAR!!!!!!!! That's a staggering deal as you say Snoz! Pinch me too!! We should, I'm not saying we will, be at least at $3.00 shortly. Here are some other things that I believe apply: As I interpret the situation, the Company already owns its 65% of the existing 100,000 tonne production unit’s cash flow. Ie. IT HAS CASH FLOW TODAY!! This is not some down-the-road prospect, it is happening NOW!! Construction of the Acid Plant can begin immediately. The engineering report is in as per the NR and the money has already been sent out. My guess is that there will be an underwriting, but of a reasonable amount; my guesstimate (and it is only mine!) would be an increase to around 35/40 million shares. When the market cap reaches $50 million, a quotation on AMEX can be applied for, which would open Spur to a lot of US Chinese investment funds. Spur has the largest phosphate resource in China!!! – NOBODY CAN CATCH UP WITH IT!!! If the locals can't come up with their share of the development money – as maybe the case, Spur can increase its share to around 80/85% I understand that work is going to start on publicising the company in Toronto and New York at investor conferences on China. All in all an outstanding stock, but there is always a political risk that one should keep in mind, and of course the fact that it is a hidden gem that nobody seems to know about, hence the stock is not moving up as it logically should do! WOW! What a star!! Barley
Bullboard Posts