GREY:BFDRF - Post by User
Comment by
lhyneson Dec 16, 2005 8:17am
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Post# 10033118
RE: Is it Getting Ready?
RE: Is it Getting Ready?I have been following ER, BFD,AZM, and ELO since the announced deal.Most of these companies have acreage in the general area of Eleanore project,however, ELO has strategic acreage in Poste Lemoyne and LaGrande Sud areas where Virginia has a big presence.ELO is a sleeper right now, and is not on the radar screens of many investors, however, that will change dramatically if New Virginia focuses their next exploration in one or both of these areas.In particular, ELO has a huge drill-ready property attached to Virginia's Poste Lemoyne project-Virginia just paid the equivalent of $1.5 million for the remaining 50% interest in the project.
I notice also that BFD has a winter exploration program in readiness which should turn the head of investors once the Virginia deal gets out of the way.Kaiser has just referred to this area as the next "Great Canadian Area Play", and I am willing to bet that he is right.There will be tons of money invested in the James Bay area in the coming months as companies search for the next big gold deposit.
Len