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Diamond Fields Resources Inc. V.DFI


Primary Symbol: DFIFF

"Diamond Fields International Ltd is a mineral exploration company. It is engaged in the exploration and evaluation of mineral properties in Namibia, Red Sea, South Africa and Madagascar."


GREY:DFIFF - Post by User

Post by hiker1on Jan 29, 2011 8:34pm
230 Views
Post# 18046261

1979 evaluation

1979 evaluation

Looking at that 1979 evaluation with the estimates at a market value of  $4.2 billion and then looking at just the gold deposits today,  Quetzal and myself were figuring  450 tons (short or metrics? 450 short tons = 14.4 million ounces) of gold at a price 1150USD / oz = 16,560,000,000!     This does not even come into calculating the silver or copper or other metals................. is 50 billion to outrageous of a today figure??

Eric Sprott on King World News was just interviewed Jan 29th and stated that his firm is of the opinion that gold could reach $2150 by spring and silver $50 by mid year.   If that should turn out to be the case,  then that blows the lid off of the above figures as well.

I believe we are also expecting most of the results from the prior sampling as well as financing updates,  etc.    I expect that the first NR will only be a first of numerous ones to be received by investors.   

This could get real exciting fast and the timing would be perfect with the rising metal prices..........:)

GLTA

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