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Ferroglobe PLC GSM

Ferroglobe PLC is a producer of silicon metal and silicon-based alloys, variety of industrial and consumer products. The Company operates through four segments: United States of America, Canada, France, and Spain. It is involved in quartz mining activities in Spain, the United States, Canada; and South Africa, low-ash metallurgical coal mining activities in the United States, and interests in hydroelectric power in France. It sells its products to a diverse base of customers in a varied range of industries, such as aluminum, silicone compounds used in the chemical industry, ductile iron, automotive parts, renewable energy, photovoltaic (solar) cells, electronic semiconductors, and steel. Its solutions include silicon metal, manganese alloys, ferrosilicon, foundry products, calcium silicon, silica fume, electrodes, pulverized products, silicon for advanced technologies, and other. The Company's subsidiaries include Ferroglobe Finance Company PLC, and Ferroglobe Holding Company Ltd.


NDAQ:GSM - Post by User

Bullboard Posts
Post by dfergu7477on Jun 18, 2008 2:18pm
202 Views
Post# 15199698

The biggest thing...

The biggest thing...To me, the biggest news is the two holes hitting substantial intervals of high-grade gold, at low depth.  This creates the possiblity of a substantial, high-grade zone that would provide a quck return on investment, when one wants to start mining.  Then, we'd mine the lower zone, which in and of itself is of a high grade--6.5g/t gold--and may grow in size over time (as is indicated by just announced hole MCC-63, which found 5.7g/t gold over 50 metres away from the lode.)

The bottom line is that Tony and crew may well have done it.  They may have discovered what all the prior operators at Monte Cristo, didn't--TWO zones of high-grade, epithermal vein mineralization.  Now, we just have to define them.

It's amazing to me that this stock is still valued around $5M, with this news. 
Bullboard Posts