gold assets worth 3c a share, page-4

Needs about $30 million to finance a gold mine (ask management). Most of the ore is sulfidic? or arsenopyritic? which is expensive to process. Not oxide. Needs to update substantially its reserve base. Punters looking for any excuse to hang onto here. More pain ahead.. value of gold assets in the current situation are very subjective. Before the run associated with Mt Carnbine the shares had a low of 2.5 cents AND now a lot of folks are trying to get out...