Hi Smuck
I have a holding in UMC and Roy and have been looking at Thx
for some time.Great management and tenements in very propective areas. But these initial drill results will not
excite the market and drive THX to $1
These drill results could best be compared to INL 's Hellyer
tailings dam in Tasmania
11mt resource
zinc 2.8%
lead 3.0%
silver 88g/t
gold 2.6g/t
copper 0.16%
These are just tailings
The original mine was operated by Aberfoyle and Western Metals 1989-2000
14.6mt
Zinc 12%
lead 6%
silver 148g/t
Intec ltd process these tailings into a profitable concentrate of 48% zinc/lead but they only have to dredge in up from the tailings dam not mine it from 75m-168m underground
Its all to do with grades at depth
2% zinc - 36 cents
To bad its not nickel $1 plus
Ton io
Hi SmuckI have a holding in UMC and Roy and have been looking at...
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Mkt cap ! $42.84M | |||
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