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Bullboard - Stock Discussion Forum Birch Hill Gold Corp. FNTRF

GREY:FNTRF - Post Discussion

Birch Hill Gold Corp. > Financing
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Post by Fusion1 on May 03, 2010 6:16pm

Financing

With gold topping 1180 dollars the market is looking for the next big thing ... Is Foundation it?Well, so far we are seeing a drill program that has encountered huge gold zones on a relative small work program,there is no doubt that the program was highly successfull.The anticipation of work beginning with so much "blue sky" potential is starting that anticipation wheel.
 
The interesting thing with the last program was that all the drill holes ended in mineralization,which will bode well for a deeper program expecially when the grades were getting richer.The market is looking for a financing to show that the company will have the dollars to drill.Well it works the other way also,and that is brokerages and gold funds are looking for companies that can demonstrate gold and blue sky potential that they can invest in..That are how marriages are made in the markets.Is this a property with that potential,I think we are going to find out.The next set of news releases should be very important.
 
 
Comment by botfed on May 03, 2010 8:16pm
You hit on a point: the stock might be moved by gold. FDN's so far away from production right now, it's sometimes easy to forget that it's a gold stock. The drill holes in Coldstream all hit mineralization because the project was already scoped out by Noranda in 1991. There's a historic estimate of 234,000 oz already. What makes Coldstream a winner now is: 1) the resource is ...more  
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