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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (56429)2/11/2008 10:52:19 PM
From: tyc:>  Respond to of 78418
 
Yes. My understanding is that Lundin owns 60M shares of Chariot, fully 20% of the ~300M shares issued. That is the limit allowed by the poison pill, so they cannot be buying more without making a takeover bid. I doubt whether they or anyone would do that in advance of the coming feasibility study.

I believe a revised estimate of the total resources that will be used in the FS is to be made public soon. I hope this move signifies significant upgrade. This is primarily a vat-leach oxide copper enterprise I believe but there are also significant high grade sulphides.



To: marcos who wrote (56429)2/13/2008 6:57:46 PM
From: tyc:>  Respond to of 78418
 
I've just been doing some DD on Chariot. I am impressed. They boast that they will be Peru's next copper mine, and they could be right. Here I'll mention only "management". Take a look at this B of D.

64.233.167.104

Rath, the CEO, apparently was the head of Rio Algom's South American mining operations.

If anyone should be interested, a scan of LC's "Mining news of Note" reveals recent news reports, including the schedule leading to feasibility.


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