TSXV:IBC.H - Post by User
Post by
smilewithmeon Feb 01, 2008 1:23pm
468 Views
Post# 14304956
Comstock - $600 Billion
Comstock - $600 BillionHi Claudius151 and IBC followers,
this is what you guys are getting into! IBC money for drilling is going to make us all very happy and rich!
For $3 million you may earn $300 Billion!
smilewithme
Could Gold Summit GSM, on the TSX-V, market cap $5m have new Comstock - $600 Billion?
The Comstock Lode was the first major U.S. deposit of silver ore, discovered under what is now Virginia City, Nevada on the eastern slope of Mt. Davidson, a peak in the Virginia range. After the discovery was made public in 1859, prospectors rushed to the area and scrambled to stake their claims. Mining camps soon thrived in the vicinity, which became bustling centers of fabulous wealth.
Between 1859 and 1878, it yielded $400 million in silver and gold, equivalent to approximately $500-600 billion dollars in 2005, as a relative share of Gross Domestic Product (GDP).
https://en.wikipedia.org/wiki/Comstock_Lode
According to their most recent corporate presentation, GSM feel that Monte Christo, has similarities to the new Comstock.
Already, according to Minesite "A 43-101 compliant resource of 365,000 tonnes at 5.7 g/t gold has been estimated at the McLean Lode and field mapping and compilation is complete along the whole 11 kms belt of alteration and major faulting running through the heart of the property. Eleven targets are now ready for drilling this year and there should be no trouble over permitting"