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TRX Gold Ord Shs T.TRX

Alternate Symbol(s):  TRX

TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.


TSX:TRX - Post by User

Bullboard Posts
Post by vinoconundrumon Mar 24, 2008 10:11am
377 Views
Post# 14762798

restructured???

restructured???It is a time to be very leery of new or updated mutual funds. There is a lots of restructured paper out there. Restructured the way I see it means "worthless", however it has to go somewhere and they need to try and create value were there is none. I can see some of this so called restructured paper moving into baskets of mutual funds. The fund will likely contain a number of solid assets but just enough worthless ones to keep the loss or gain within +/- 10%. You can bet it will most likely be on the loss side however! How the fund performs will depend on how well the good assets do because the idea will be to hide the restructured crap and ease it out of the market over the next ten years.
Bullboard Posts