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Bullboard - Stock Discussion Forum Banca I.F.I.S Spa BNCIF

Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan... see more

GREY:BNCIF - Post Discussion

Banca I.F.I.S Spa > Without the Mill
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Post by Goldfather on Apr 05, 2017 2:50pm

Without the Mill

...will it be a big setback if  they dont get  the Mill ? Surely, when this all started and  they began to accumulate all  the land, surely  the Mill was in  their plans. But   the past  Swiss owners owed a lot of money  to many banks/investors  etc.... perhaps lots of  leins on the property..... and with all  the new interest in Cobalt, theyre a hot ticket now. Must be talking to everyone else who've bought old cobalt camps and driving a tough deal. I hate it  when companies wont give out any info.
Comment by SparticusJones on Apr 05, 2017 3:04pm
The big thing about the mill is that it is already permitted and is minutes from their sites in Coleman/Cobalt. I've looked at alot of the other companies in the area and honestly they might have a lot of land as well but not in any reall promissing areas, some miles and miles away from any silver veins or deposits of any sorts just rock. For example i think CPO bought a bunch of land near ...more  
Comment by Blahblahblahbla on Apr 05, 2017 3:14pm
When they acquired the property, it came with a mill Globe says Cobaltech a rare cobalt mining junior play   2017-03-22 07:39 ET - In the News   The Globe and Mail reports in its Wednesday, March 22, edition that AlphaNorth Asset Management manager Steven Palmer recommends buying small-cap Cobaltech Mining (29 Canadian cents). The Globe's Shirley Won writes that Cobaltech ...more  
Comment by SparticusJones on Apr 05, 2017 3:28pm
That is interesting Blah, I know Trio had a seperation mill, but the UC Mill in North Cobalt is a seperation refinery, able to seperate silver,cobalt and other by products. I wonder if that dude spilled the beans early and no one really picked up on it, or if he is referring to one of the Trio Mills?
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