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Olympus Pacific Minerals Inc T.OYM



TSX:OYM - Post by User

Comment by linericon Jul 16, 2008 7:29pm
195 Views
Post# 15300482

RE: Gold back to $1000.00

RE: Gold back to $1000.00Unfortunately, OYM runs inverse to the price of gold.

As I said earlier they are the "First Mover"in Viet Nam which means they are moving the money from our pocket into their pocket.

The "demonstration plant" has only demonstrated that the company can't mine profitably and they can't promote.

The last news release about considering ways to finance future development of the new mine was discussed years ago and the plan was to create income from the demonstration plant to finance the new mine. So far they can't produce 1000 oz a month on a projected 14,000 oz  per mo.

This tells me this company is run by a bunch that don't really know what they are doing.

If Gold goes over $1000 OYM will go to 10 cents. lol
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