Ok people i told you to pay attention I think
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Posted On: 04/17/2018 4:29:38 PM
Ok people i told you to pay attention
I think this is big stuff , the upfront money is small but to use the technologie will cost them 5 % of the profit . You can do the math on this one little mine cleanup yourself.
Dundee Sustainable Technologies announces a Letter of Intent for the sale of a license for the Snow Lake tailings
MONTREAL, April 17, 2018 (GLOBE NEWSWIRE) -- Dundee Sustainable Technologies Inc. (“DST or the Corporation”) (CSE
ST) is pleased to announce that it has signed a letter of intent (“LOI”) with GMR Inc. (“GMR”) for the sale of a license to utilize DST’s proprietary gold recovery and arsenic vitrification technology (“DST Technologies”) on the Snow Lake tailings project (the “Project”).
Through this agreement, DST received a $20,000 cash payment as an advance on right to utilise the DST Technologies on the Project. In addition, DST will earn 5% equity interest in the net income of the project. All metallurgical test work associated to the evaluation of the Project will be conducted under service contract agreements with GMR by DST at its technical facilities in Thetford Mines.
Mr. Brian Howlett stated, “This provides the Corporation with an additional project in its pipeline of future users of its pyrolysis and arsenic vitrification process. DST is looking forward to working with GMR to first sample and then complete a several tonne bulk sample. DST’s goal is to prove that it can extract and vitrify the arsenic to ultimately create a clean concentrate that can be sold to the market.”
Mr. David LeClaire, the CEO of GMR Inc. stated, “GMR believes that significant value can be extracted from these tailing which contain significant amounts of gold associated with a very high arsenic content.”
The Project is located in Snow Lake, Manitoba and consists of arsenopyrite tailings known to contain residual gold and silver contents. The tailings pile is currently controlled by the Government of Manitoba. The Project is proposing a "no cost to the taxpayer" deal in return for the removal and stabilization of the arsenic, GMR could keep the recovered metals for its own account. Historic resource estimates were generated in 2012 estimating the Snow Lake tailings to contain 264,596 tonnes grading 9.76 g/t of gold and 2.17 g/t of silver. (All historical resources are categorized as Inferred resources using the meaning ascribed to that term by the Canadian Institute of Mining (CIM), due to the uncertainty which may attach to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resources will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and DST is not treating the historical resources as current mineral resources. Confidence in the historical estimates is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability !!!!
Now for the bad news Dundee Corp owns a big chunk of the shares , will they sell at this price ? My guess heck NO
I only own 75,000 shares , my bad i out of cash
I think this is big stuff , the upfront money is small but to use the technologie will cost them 5 % of the profit . You can do the math on this one little mine cleanup yourself.
Dundee Sustainable Technologies announces a Letter of Intent for the sale of a license for the Snow Lake tailings
MONTREAL, April 17, 2018 (GLOBE NEWSWIRE) -- Dundee Sustainable Technologies Inc. (“DST or the Corporation”) (CSE
ST) is pleased to announce that it has signed a letter of intent (“LOI”) with GMR Inc. (“GMR”) for the sale of a license to utilize DST’s proprietary gold recovery and arsenic vitrification technology (“DST Technologies”) on the Snow Lake tailings project (the “Project”). Through this agreement, DST received a $20,000 cash payment as an advance on right to utilise the DST Technologies on the Project. In addition, DST will earn 5% equity interest in the net income of the project. All metallurgical test work associated to the evaluation of the Project will be conducted under service contract agreements with GMR by DST at its technical facilities in Thetford Mines.
Mr. Brian Howlett stated, “This provides the Corporation with an additional project in its pipeline of future users of its pyrolysis and arsenic vitrification process. DST is looking forward to working with GMR to first sample and then complete a several tonne bulk sample. DST’s goal is to prove that it can extract and vitrify the arsenic to ultimately create a clean concentrate that can be sold to the market.”
Mr. David LeClaire, the CEO of GMR Inc. stated, “GMR believes that significant value can be extracted from these tailing which contain significant amounts of gold associated with a very high arsenic content.”
The Project is located in Snow Lake, Manitoba and consists of arsenopyrite tailings known to contain residual gold and silver contents. The tailings pile is currently controlled by the Government of Manitoba. The Project is proposing a "no cost to the taxpayer" deal in return for the removal and stabilization of the arsenic, GMR could keep the recovered metals for its own account. Historic resource estimates were generated in 2012 estimating the Snow Lake tailings to contain 264,596 tonnes grading 9.76 g/t of gold and 2.17 g/t of silver. (All historical resources are categorized as Inferred resources using the meaning ascribed to that term by the Canadian Institute of Mining (CIM), due to the uncertainty which may attach to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resources will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and DST is not treating the historical resources as current mineral resources. Confidence in the historical estimates is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability !!!!
Now for the bad news Dundee Corp owns a big chunk of the shares , will they sell at this price ? My guess heck NO
I only own 75,000 shares , my bad i out of cash
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