GREY:HRIVF - Post by User
Comment by
cjsellon Nov 17, 2009 11:42am
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Post# 16495206
RE: RE: RE: RE: RE: Gold Major sniffing HRG at $1.
RE: RE: RE: RE: RE: Gold Major sniffing HRG at $1.Hello A4262, sorry HRG has 4.2 million oz of gold as per HRG website, as of 2008, less production sold already. So call it 3.7 million OZ today, give or take an OZ or two, and that's 9 years of mine life on average.
Severstal did announce a new drilling program to prove additional reserves, and HRG can take lower grades due to better gold price. Bisa is not yet operational, and there is no equipment on that site. Value of Prognoz is anyone's guess and DUH! since there is no mine, no revenue and Severstal has as much said they have no plans to develop the project valuation becomes difficult.
Please pump the stock, or better yet I will sell you my holdings today for $1.25 a share! The only takeover list HRG is on is Severstals.....just a little clue for you.
CJ