GPN greater pacific gold limited

6 per cent . royalty agreement with monarch :mon, page-21

  1. fingermark
    2,194 Posts.
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    04/01/07
    13:52
    Post #: 2038948
    Why is it uneconomic??

    The grade is higher than PMA's.
    Within haulage distance to PMA's plant
    PMA had no trouble raising funds from Noble, Instos.
    It is from surface.
    Low stripping ratio
    Ferro vanadium prices have gone up.
    Include titanium & magnetite credits
    Additional 4.2 kms of strike
    Open at depth the full 8 kms.

    I've listed why it should be not only economic, but highly profitable.

    Please show me how you think it is uneconomic with some factual information??
    GPN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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