Well its not as though the original ground we invested in has nothing. There are lots of wide mineable grades of copper gold at Cactus Comet and Accrington however thats been farmed out to RIO although i did read in an AL8 release that deal can be converted to a JV. As all the drilling at Black Rock,Detroit etc has turned up nothing from those it would have been better in hind sight to have put all that money into expanding the copper gold at Cactus Comet and Accrington by now we could have a jorc resource.
The Frisco area in general is a very good spot with many REE,Moly,Tungsten,Copper and Berylium around. The Cupric and Imperial mines both have tungsten and not far north still in Beaver County is a sizeable but deep moly deposit and also the worlds largest Berylium mine that produces 75% of the worlds berylium which is a critical metal used a lot with copper products and special steels. Unfortunately the propective areas are on that ground RIO has. So that ground has potential, better if we converted the deal to a JV rather than pour more money onto those gold prospects.
The potential they talk about is simply not worth the risk. We dont even know if the samples run for copper and gold at Accrington were also tested for tungsten as the host mineral there is scheelite and its rarely visible unless the core is tested with a UV lamp. The skarns such as at Accrington that are associated with limestones, calc silicats and marble are in an ideal enviroment.
The share price is so low its not worth selling better try to get the areas we have or can get access to explored for whatever potential. See the section and plan below what would be the result if a lot more holes were drilled in that as all is virtual outcrop the top of a mountain.
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Well its not as though the original ground we invested in has...
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0.3¢ |
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Mkt cap ! $5.727M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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15 | 34866882 | 0.3¢ |
Sellers (Offers)
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0.4¢ | 10861310 | 12 |
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No. | Vol. | Price($) |
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15 | 34866882 | 0.003 |
16 | 25587453 | 0.002 |
8 | 29304960 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.004 | 10861310 | 12 |
0.005 | 18489337 | 12 |
0.006 | 13958671 | 5 |
0.007 | 8461080 | 6 |
0.008 | 13000000 | 1 |
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