Lee .... This company has in reserves...
Gold ............ $235 Million ( Russian assessment) very consevative
Tunsgen ..... 600 M tons of Ore (very conservated)
Pig Iron ....... 274M tons (almost exact)
I talked to Frank Cameron who is the PE who just came back from the sight.
BTW Tunsgen is presently in a world shortage capacity. Hello!!
IKAR Mineral Corp. holds approximately 400 square kilometres of mineral bearing property in Tajikistan, a former USSR state. The property, known as the Rushan Mining and Refining Complex, contains not only a world-class deposit of tungsten, but also abundant iron ore with associated commercially attractive volumes of gold, silver, copper, and cobalt. Tajikistan, a small country approximately the size of Wisconsin, borders China, Afghanistan, Uzbekistan and Kyrgyzatan.
Underneath Tajikistan's mountains lie a wide array of natural resources, many of which have never been exploited. For example, only a few of the more than 30 known gold deposits have even been prospected. Geologists from the former Soviet Union conducted extensive exploratory work on IKAR's property between 1972 and 1976. Because the Soviet Union had adequate supplies of tungsten and iron elsewhere, these deposits remained untouched.
IKAR's staff is currently preparing a model based on extensive data, maps, and geological reports obtained from the Ministry of Mines and Metallurgy, supported by documentation from previous Russian exploration programs. The company has recently completed the construction of temporary roads, finished the accommodations, and is conducting a trenching program.
Speaking with political powers about acquistion of these reserves.
This one is starting to constitute a no brainer.
To unsavvy investors that are impatience and are selling and now BANG the stock is about to move makes no sense.... LOL
Thanks
GaBard |
