decided to see what was going on at arcadianthis old release has...

decided to see what was going on at arcadian

this old release has a good map showing how close Arcadian main gold prospect( Beaver Dam) is to ATV's

http://am.atlanticwebfitters.net/LinkClick.aspx?fileticket=gGA%2bfB%2bWwC4%3d&tabid=63&mid=457

Arcadina bought the processing plant in 2006 . It was built in 1979 and has been used previously as both a base metals and gold concentrator plant. Does upto 2000tpa a day which I figure could produce around 30,000 to 50,000 ounces pa depending on grade/recovery. Its fully permitted, I guess if they change it to gold just some paperwork

Arcadians financial position is not to dire,its gold assets are in a seperate compnay to the zinc plant and not subject to any administration which gives it flexibility to do deals with ATV re the gold assets.

A merger of the two gold companies followed by a capital raising to pay out creditors of the zinc subsidiary makes great sense.

Money starting to flow back to the goldies now, this could be a real winner. They probably need around $10million to get cracking

I am very optimistic about this, just needs some good support from Canadian. Australian brokers to raise the cash