The Conversation (0)
Highbank Resources Ltd. (TSXV:HBK) IR Consultant, Greg Shafransky, provided an update on milestones achieved in 2015, and plans moving forward. The Swamp Point North Aggregate Project is now fully commissioned, with delivery of its first commercial shipment to the Port of Prince Rupert done in May. Also in May, Highbank Resources released its Preliminary Economic Assessment for Swamp Point North, “that values the company at $24 million dollars,” says Mr. Shafransky.
Mr. Shafransky adds that what sets Highbank Resources apart from other junior resource companies, is that, “We have not joint ventured with any major to take this into production. We’ve raised the money internally, we built the mine ourselves, and we’re now in production and hopefully. sometime in the next 18 months, will be generating free cash flow.”