Carpathian Gold

mineral exploration and development Romania, Hungary & Brazil - N.I. 43-101, 5.09 M oz & inferred 5.66 M oz of Gold plus 175.0 M lbs of Copper .

What stuck with me was that they would pay thr $509 million initial cost back in 3.3 yrs. With a 19 year mine life that means 16 years (so far...they are still drilling) of profit of over $150 million per year. I think they are going to catch the attention of a few analysts and maybe a few majors. The other big thing I see is No cyanide! I think permitting will be a breeze, especially since EGU just got a key permit.

The lack of legacy mining issues and sensitive archaeological sites, the use of a flotation process for Au-Cu recovery, which does not require the use of cyanide, and strong community-based stakeholder relations have provided Carpathian with good support from the local communities

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mooseslayer
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Thorold
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11/13/2007
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Carpathian Gold
Symbol
CPN
Exchange
TSX
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590 M F/D - March 26, 2012
Industry
Metals & Minerals
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