High River Gold Mines Ltd HRIVF

Nord Gold Presentation - 13 Apr 2011

[dagold]

This Nord Gold presentation was made today at the European Gold Forum. I wish they would do the same for HRG.

https://www.gowebcasting.com/events/denver-gold-group/2011/04/13/nord-gold-n-v/play/stream/2268

dagold

[bart_dc]

very interesting presentation by Mr Zelenski.He states that the turnaround of Berezitovy is complete and the second Mill is working very consistently.States that some of their exploration projects are very exciting, suh as the Labola project in Burkina Faso (property of HRG). It's an interesting ore body which they expect to be a next Taparko (similar minerology).Also mentioned the Bouly

[santo31]

May be we will hear about IPO once Glencore ipo wave settles. Also, I think Prognoz will spin out of HRG.

[bart_dc]

The mail below was sent by me to High River and Nord Gold this morning. It is related to the Bouly (Burkina Faso) resource update given by Mr. Zelenski at a gold conference in Zurich yesterday. Dear sirs,yesterday I viewed the presentationgiven by Mr. Zelenski at the Denver Gold Group conference in Zurich.https://www.gowebcasting.com/events/denver-gold-group/2011/04/13/nord-gold-n-v/play/stream

[tom_abc2003]

Here my take presentation:1)  Gold production expected for 2011 to increase by 30% for HRG.   It means the mine cost will drop a lot.   The result is cash flow will go up, 2) Reserve estimated is a lot higher.Can't wait for 1st quarter number to come out, it will be big UP UP UP it go.

[cjsell]

Great find!  Thank you!Really poor that Severstal Nord/Gold still don't get it.  They release information to the public, and flout the disclosure rules.  They talk of value, value for whom?  They treat their minority shareholders very poorly.Thanks for a great find.CJ

[missouriminer]

 Severstal may likely be counting the reserves that GOD is proving through drilling, HRG has back in rights in the BF claim

[katchum]

Did I hear 100% increase in production? Did I hear Bissa only 5% explored?Nice to finally have an update, even if it's fetched somewhere else. I feel very comfortable now.Thank you so much!

[katchum]

(oh, he was only talking about Lesa, it sounded like Bissa)

[katchum]

(misunderstood it again, it was "lease", just ignore me, why can't I delete posts...)

[ThyFish]

Katchum, I listened to the presentation but didn't catch that, did they forecast HRG production to be up and Bissa exploration at only 5%?  They sure spent a lot of money on exploration if that's the case.  Wouldn't be surprised if Mordy is actually filling his trunk with gold bars every day!! haha  Unbelievable that the focus is soo much on Nord Gold that they aren'

[elPis]

The two points that I picked up on regarding the presentation were as follows:1) At the beginning of the presentation, Mr Zelenski indicates that they "aquired" both High River Gold and Crew Gold. He does not indicate at any time that High River Gold is not wholly owned by Nord Gold. It is crazy that they never specify that not all of the Gold production belongs to Nord

[katchum]

The fact that they gave this presentation without informing HRG shareholders first, is evidence that they already think HRG is theirs. Well it's not!Also, they gave me the feeling that constructing Bissa is a piece of cake, especially when they have all the permits already.

[discern1]

If we are producing 420 oz in 2011 at a profit margin of $800/oz total earnings of  $336MSubtract $100M for exploration and the development of Bissa and you still have $226M or .28/shareBy 2013 they expect thatBerezitovy     (25)kTaparko           (8) KBiss                 93 KAn