GCR golden cross resources ltd

kempfield silver project

  1. 5,378 Posts.
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    Posted this on DT thread, GCR has 30% in Kempfield Project.

    ARD: got a mention on The Australian today, stock up 1.5c.

    http://www.theaustralian.com.au/business/mining-energy/investors-walk-a-silver-tightrope/story-e6frg9ex-1225974436569

    "Earlier this month, Argent Minerals sold off its Bullant gold project and declared itself transformed into ?a pure silver play?. It hopes to make a decision to mine its Kempfield silver project in NSW by this time next year."

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    GCR: farm out Kempfield to ARD. I dug this up from company's website. ARD can earn up to 70% of Kempfield, and GCR will own 30%. There are 31.6mln Oz of silver there.


    Also, GCR has about 535kt of contained copper and 1.5mln oz of gold in NSW.

    Add another $7mln cash.

    Current MC = $22mln.

    Market really does not value much its copper and Kempfield's silver projects at the moment.

    Eventually traders will start to take notice of this gem, a double plays of Copper and Silver.

 
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