Re: waste of money on grassroots development

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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Eudaimonia

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Re: waste of money on grassroots development

in response to

10M share of KWG sold

Eudaimonia

posted on Dec 15, 2014 08:45PM

Why on Earth would we incur these costs on a grassroots project when we should be preserving capital to weather these conditions?

From page 29: Exploration Expenditures - Six months Ended Oct.31, 2014

Gaspe Bay Group - Total $477,119

I would like to think the half million could have been put to better use. Is this why we sell Argex Shares or KWG shares - to fund these projects. I would put my bet on a better ROI on Argex and KWG then blowing a half million on these grassroots projects.