Re: Metalurgical Report Out-Stonecap/RBC
in response to
by
posted on
Nov 28, 2011 05:46PM
if i were an rbc action direct customer and i sold off 50000 shares wouldnt it show up as rbc as the seller. this could just be a private individual selling their personal shares. i've held this puppy down to 5 cents. an institutional investor messing with the shorts is not enough to scare me out of this one. with gold north of 1700 the metalurgy results are just fine. they just add some cost in the recovery process. there is still a massive margin here between cost to mine and the price of gold. i remember back a while david palmer was speaking of a cash payout for our chromite. he said something to the effect that the tax bill would be too great to make the cash sale of the rof assets viable. if you had a long range plan to build a mine at borden then you would have lots of capital expenditures to write off 120 million. this process my take a while but i think the plan here is for probe to sell off rof and go into production at borden. unless someone takes them out first. rbc doesnt write a 32 page report without a little insight from dp about the metalurgy. dont be fooled out of your shares.