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Gold/Mining/Energy : True North Gems Inc

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From: zebra4o13/22/2010 12:02:45 PM
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Looked up what the former TGX geologists are up to. See presentation posted below. They are working with a private company mining alluvial rubies in Cambodia. Deposits look pretty small scale compared to True North's Greenland properties. But at least they are proceeding with mining and sales. I like the phrases 'focused on low cost, fast track to production' and 'Near term production and positive cash flow'. Alluvial mining is so much cheaper to get going. Maybe the hard rock ruby mining that True North plans just doesn't make economic sense? Are there any other hard rock ruby mines out there?

Presentation for Kuru Mining

slideshare.net

Kuru on Twitter - 140 character press releases

twitter.com
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