Posted On: 11/20/2014 1:04:30 PM
Post# of 2102
Rhinegold Thursday, 11/20/14 12:31:35 PM
Re: None
Post # of 51503
Hey guys. I have been doing some research and Comparables, I found a mining company (won't name it) it is less than 4 miles to Canwealth property and it has pulled 960,000 (almost 1 million) Ounces of GOLD out! - That isn't even counting the Silver, Platinum, Palladium and billions in REE!
a few factoids from the comparable mine near us:
- gold mine and mill located in the Abitibi region of northeastern Quebec
-The region still preserves its boomtown atmosphere, as the mining industry still employs one fifth of the local workforce. More than 20% of Quebec's mining activities take place in the Abitibi region. Mining is an important part of the region's economic structure.
-The Abitibi region is internationally known for its gold mines.
Let us look at the numbers: Gold price today is: $1,190.00
so that (other mine pulled 960,000 ounces x $1190 = $1,142,400,000
That is $1 Billion one hundred forty two Million four hundred thousand dollars!
**Again not counting Silver, Platinum, Palladium, Billion in Rare Earth Elements like Canwealth has!
All things considered, I think Canwealth/ICBT will do Great! as we are in the right place at the right time! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Re: None
Post # of 51503
Hey guys. I have been doing some research and Comparables, I found a mining company (won't name it) it is less than 4 miles to Canwealth property and it has pulled 960,000 (almost 1 million) Ounces of GOLD out! - That isn't even counting the Silver, Platinum, Palladium and billions in REE!
a few factoids from the comparable mine near us:
- gold mine and mill located in the Abitibi region of northeastern Quebec
-The region still preserves its boomtown atmosphere, as the mining industry still employs one fifth of the local workforce. More than 20% of Quebec's mining activities take place in the Abitibi region. Mining is an important part of the region's economic structure.
-The Abitibi region is internationally known for its gold mines.
Let us look at the numbers: Gold price today is: $1,190.00
so that (other mine pulled 960,000 ounces x $1190 = $1,142,400,000
That is $1 Billion one hundred forty two Million four hundred thousand dollars!
**Again not counting Silver, Platinum, Palladium, Billion in Rare Earth Elements like Canwealth has!
All things considered, I think Canwealth/ICBT will do Great! as we are in the right place at the right time! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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