Jaguar Mining Enterprises Will Begin Extraction on the Cascaronal Mine
Mar/17/2010 | Under Companies - Exploration - Iron Ore Mine - Mineral Exploration
Jaguar Mining Enterprises, Inc. today announced that they are completing the patio area which is very important for the extraction of the company’s iron ore proven reserves and also to enable (JAGR) rates and overhead to be as efficient as possible in order to show our loyal shareholders the highest return on investment (R.O.I.) as possible. Dale Williams, President & C.E.O., has stated, “We are right on track to have our first crews extracting as we stated in our past release as I am pleased with every member of my staff. We also have a second geological firm coming out to the Mine to ensure the second vein that was discovered just weeks ago can be extracted efficiently as well. Once again it is our goal to keep our costs of extraction to a minimum.” Mr. Williams also stated that “(JAGR) to begin extracting and proving to our shareholders revenues are in the immediate future, and we are extremely comfortable as we will begin extracting within weeks. As this has been a very thought out, methodical and strategic plan all the pieces are finally in place to enhance shareholder value, with only Authorized Shares of 75,000,000 and a Float of 20,785,014, we firmly believe our shareholders will benefit greatly.”
source : cnnmoney.com