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35.8¢ big river gold ltd

Ann: Quarterly Activities Report, page-11

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goldenfruit

113 Posts.

14/08/15

14:20

Post #: 15808921
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Originally posted by speculator101 ↑

Hey JID, interesting point about TRY. They have been banging on about looking for the next project, just perhaps CAS has it... but I do wonder if the plant is big enough to treat the relatively low grade ore in commercial quantities? Also, TRY needs to be careful they don't overextend themselves, they have a heap of debt to balance to deal with, especially if they are looking to spend even more capex on a new project (or purchase).

As for CAS falling over, the US $5 million in debt does weigh heavily on them.

I cannot see why TRY would rush in with CAS. Maybe after they get Karouni up and running properly.

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TRY wouldnt touch this the grade is to low for them. But there are a couple that probably would but are TSX listed maybe Luna Gold or Jaguar. The only ASX listed mining company that may have a punt would be BDR because they only mine low grade ore.

CAS Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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