Re: Turn It Around. We Can Be The Predator.

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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goldhunter11

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Re: Turn It Around. We Can Be The Predator.

in response to

Re: Turn It Around. We Can Be The Predator.

cappysmart

posted on Jun 07, 2012 02:15AM

The deposit may prove to be profitable, in a small scale (1M oz Au range). But, as TeleProbe has indicated, one problem is liquidity. The SP has dropped from about $0.19 to a couple of pennies within 1 year. Environmental issues are a big headache, if we are talking about a potential fine of $80M? for a company with a market cap of less than $4.0M. How ATG management will raise the money as a contingency for the potential fine, or measures to satisfy the regulator? Even double the OS with 200M share(@0.02/s) would bring in $4M cash.

The big question for a deposit is how to get it out of the ground, especially with the environment thing looming. In addition, the capex for a gold mine is not insignificant.

Just hope that FNC does not have to face those problems. FNC may be contented with being an explorer and leave those problems for an operator to deal with.