Vaaldiam Mining Inc VAALF

Gold at Brauna

[rborhi]

I'd like to hear more about the gold potential at Brauna.  Seems gold is picking up in the market and this would be a good angle for the company to sell to the market.  Gold has been a by-product of their diamond mining last year too.

I think the deal announced this week is good.  They got 5 million of value for a stake in only ONE of their projects that they are still eligible to reclaim up to a 49% interest in, with bulk sampling costs to be covered by the private group.  They will have cash in the bank for this project or another of their projects, and a diamond mine on stand by ready to start up again when markets improve.  In this economic climate its a great deal.

[B2moist]

I wont deny that at this point in time that it is a great deal.  However, we saw how they overextended and overleveraged themselves in the past.  As for the gold .  .  . sure its a nice by-product, but by no means will gold be the driving factor behind this stock (unless they strike a significant gold play, which they are not actively looking for.I also understand that Brauna