Canada Fluorspar Inc. is developing a large fluorspar asset in St. Lawrence, Newfoundland, Canada, and is moving forward to reactivate existing underground fluorspar mines, expand an existing mill and construct related infrastructure to export fluorspar concentrate product (Acidspar). Currently, the company is scheduled to be in production before the end of 2014. The initial two fluorspar veins, Blue Beach North and Tarefare, are within the Newspar 50/50 partnership with Arkema Inc. Newspar anticipates production to average approximately 130 Kmtpa fluorspar filtercake concentrate. Canada Fluorspar is scheduled to drill two of its remaining 100%-owned, 30+ known veins in 2013. The company manages its balance sheet and expenses prudently and continues to look at growth opportunities. Canada Fluorspar's strategy centers on increasing shareholder value by pursuing and developing high-potential industrial mineral projects.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Ken Chernin, Jennings Capital
"Canada Fluorspar Inc. announced the third set of assay results from three holes on the company’s phase 1 and phase 2 diamond drilling program along the northern and southern sections of its 100%-owned Director Vein. . .we view the assays from DS-13-115 and DS-13-116, which are the first holes to be drilled in the southern extension, to be very encouraging because of the high grades and shallow depths."
Ken Chernin, Jennings Capital
"Yesterday, Canada Fluorspar Inc. announced the second set of assay results from its phase 1 diamond-drilling program along the northern extension of the Director vein. One of the three holes intersected a 10m section grading 49.32% CaF2. . .we feel that Director's true potential lies in the south extension, where the company announced success in its trenching program in 2012. . .we maintain our Speculative Buy recommendation."
Deborah Sterescu, Proactive Investors
"Canada Fluorspar Inc. has revealed the second set of drill results from its phase 1 diamond drilling program at its Director Vein on the company's St. Lawrence project in Newfoundland. . .one of the latest three holes, DS-13-02. . .returned 0.78% fluorspar over 4m, with one meter of core recovered over 4m. Meanwhile, hole DS-13-103 hit 49.32% fluorspar over 10.03m."
"Yesterday, Canada Fluorspar Inc. announced assay results from its phase 1 diamond drilling program along the northern extension of the Director vein. . .these drill holes confirm: 1.) The existence of the Director vein in an area extending well below the old Alcan workings and 2.) That the Direct Vein extends to the north of the old Alcan workings. . .we maintain our Speculative Buy recommendation."
The Metals Report Interview with Chris Ecclestone
"Canada Fluorspar Inc. just named a major French partner, Arkema Inc. It's brilliantly positioned right on the banks of the St. Lawrence, so it's easy to get the stuff out. It's just a case of dusting it off and bringing it to fruition again. . .the Fluorspar mining process is pretty simple because it's largely open cut and not too deep."
Canada Fluorspar Inc. Content
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