MXR 2.50% 3.9¢ maximus resources limited

Hi Bushkid,Congratulations on BRM.They still have a way to go as...

  1. 6,316 Posts.
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    Hi Bushkid,

    Congratulations on BRM.
    They still have a way to go as well.
    I went for UMC.

    Back to the Sellheim project.
    Read the beginning of the Directors Report December 2007.

    - 120 Alluvial Samples tested
    - 3 Gold rich areas
    - Sufficient information to estimate an Inferred Resource.
    - Feasibility Study - expected completion - First quarter.
    - Pre-production activities due to commence Second Quarter.

    RIU Conference Presentation. Slide 26 onwards. Sellheim

    - Commence production December Quarter.
    - Budget $1.7mln

    If you look through that section i think you will find some of the samples they have collected plus the areas that have shown the most promise. As well, if you read through some of the past Sellheim announcements i think you maybe pleasantly surprised.

    These are Kevin Will's words.
    $200 per/oz costs.

    What other company can say that?

    Either he is delusionary or he may just have a sneeking suspicion that it will not take much to get it out of the ground at shallow depths. Initially, they had mentioned 20,000 ozs per year. However, i read in a more recent announcement they were looking at 10,000 - 15,000 ozs per/year.

    If your at all concerned about their production timeframe i suggest you give them a call.

    Cheers markco2


 
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