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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by semismart1on Nov 23, 2011 10:39am
151 Views
Post# 19261184

RE: RE: LISTEN UP FOLKS!!!

RE: RE: LISTEN UP FOLKS!!!Pretty sure before management puts two crews on barges to drill beneath a lake bed that draining 15 meters of water is not going to be an issue. 5-7 million oz of gold is what 8-11 Billion dollars in resource. We are talking about maybe a $20MM levee that needs to be build. This issue is small compared to the other challenges other mines have faced. Like having to build an airport in order to get men and machinery in and out in arctic temperatures.The thing that I find annoying about the JVs right now, is that we are all ahead of the curve. We will see where gold ends up by year end but within the next year we will be seeing $2000 oz gold. Majors will eventually get massive profits built into their share price. The majors will then use these huge profits to go out and quickly find as close to shovel ready projects as possible. GCU will get bought - I just really hope we get our real payday. And not some low amount. I really hope we are not selling out for over a year. Because the difference between $1300 per oz and $1500 per oz gold is double the profits. So do the math and you will realize what the majors can make off a project like GCU. Still holding strong. On a funnier note - I had a note in my outlook on Monday telling me to sell everything in my portfolio from last year. I didn't follow my advice but not sure what it is about American Thanksgiving that makes everyone run to cash! Maybe next year I will take my advice from last year.
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