Re: news yahoo finance
in response to
by
posted on
Jul 18, 2013 08:53PM
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.
Probably property renewal fees will take part of it? They may decide to let a few go and expend cash to keep others, however, they were under some sort of gun because October release from escrow is only 4 months away, so I would bet on property needing cash. Possibly Magpie also needed cash? If they were smart they would have spread their drilling around so the 4.5 kilometer work spreading limit would have allowed all that drilling cash to keep all the magpie claims. Possibly they did. I would have to inspect each magpie claim and see if they are all within reach of stockpiled work? Let someone elese do that