Initially Senetek perused Relief Canyon, a gold mining project in Nevada. Unfortunately we were not able to close adequate financing in time to purchase 100% of the Relief Canyon Project as we intended. Since a controlling interest in Relief Canyon was not attainable and a minority interest was unacceptable, the Company changed focus to two newly acquired properties. In 2010 we acquired the superb projects, the Gray Eagle Mine in California, and the Iron Creek Property in Idaho, which we own 100% free and clear. The fact that we are now debt free also should also aid us significantly in structuring future new financings for the Company as we develop these projects.
Senetek President says there's good reason to take a hard look at shares at the current levels
Thursday, September 22, 2011
Senetek (OTC:SNKTY) President & CFO, Howard Crosby, tells Proactive Investors that the company’s shares are short of true valuations. He says on just the near term project at Gray Eagle in California there’s an undervaluation, add to that the copper cobalt asset at Iron Creek in Idaho and the legacy healthcare assets and it all adds up to a good reason to take a good hard look at the company.
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