GREY:UROFF - Post by User
Comment by
stitch1956on Apr 29, 2006 3:46pm
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Post# 10771826
Easily worth two and probably four bucks
Easily worth two and probably four bucks You mean somebody else actually knows the story on this company! How did you find out about it, hire a private investigator? I know that at one time Ron Mannix hired a public relations firm to keep his name out of the news--do you think there was a mixup and they are now keeping Vannessa out of the news?
This company should easily trade at two bucks a share if they had any PR at all. Instead they have a web site that has not been updated in two years, no promotion, no investor relations and their press releases read like they were written by a the TSX coompliance officer.
Crucitas alone is worth a minimum of 150 million as it sits now. The new feasibility study will give them a million oz of reserves, but the previous study by Placer indicated 1.8 million and 2.2 million inferred. The lower figure is becuase they now require closer drill hole spacing now, but that does not mean the gold as vanished. Plus they have another 500,000 oz at Conchudita, another site on the concession, plus they drilled only a fraction of the concession. The mine will cost 40 million and costs will be 200 an oz. Do the math; that is 400 to 800 million in potential profit versus a market cap of 35 milion. Whatsmore, they are 12 to 18 months from production.
Then there is the billion dollar lawsuit and Maurudi and so what, you and I and five other people know about it. A secret gold stock, just what I always wanted.