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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (6179)	5/8/2014 7:33:02 PM
From: Goose94	Read Replies (2) of 202843

Paul Gorman's Shield (SHG-V), is plodding along with the Lochaber graphite prospect in Quebec that it is acquiring from Rock Tech Lithium (RCK-V Halted) for $300,000 and 15 million shares. (Rock Tech plans a reverse takeover of "Zimbabwe's pre-eminent private equity investment and advisory company.") Even if Lochaber flops, Shield appears to have the more promotable project." Rock Teck, then led by Afzaal Pirzada, spent the better part of a year drilling Lochaber and touting assays that averaged between 2.5 per cent and 3.5 per cent graphite over lengthy intervals. Shield, which is working as Great Lakes Graphite Inc. and will change its name upon regulatory approval, has been digging into Rock Tech's old drill data and is expected to generate the resource estimate that Rock Tech promised but never produced. The numbers show a substantial amount of rock with a modest graphite grade, but Rock Tech's drilling encountered richer zones with significant intervals topping 4 per cent graphite. If Shield pieces enough of those together it could have a worthwhile resource, but with a lower tonnage than Rock Tech intended.

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