GREY:DFIFF - Post by User
Post by
hiker1on Jan 29, 2011 8:34pm
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Post# 18046261
1979 evaluation
1979 evaluationLooking 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