American Bonanza Gold Corp ABGFF

The Ghosts of Fenelon

[silverton]

What is the price of Gold in the ground?  The trillions of $ being printed and banks , on a alltime low as a place to put your money. The former ITS-FFR-BZA contango that led to a SP worth 1 penney on the dollar, with gold at 3 times it's value today, than it was 5 years ago.  The properties, in the Cassiar district of B.C., will continue to be the cash cow, as Hawthorne will have to commit to the cash payments into production. The ex Bema Gold management are commited to bringing Table Mountain and the 1M oz AU Taurus property into production. The cash and shares from this JV will fuel BZA being a survivor in a land of juniors explorers that have no chance of surviveing. The metal in the ground at Fenelon, Martiniere, Northshore and the JV at Northway are properties with proved OZ in the ground. The Spirit of the early days, at Fenelon, will play out again. The Highgrade OZ  found at surface at Fenelon are still there. The Abitibi is the land of Deep Gold. The miners that found and had the foresight to buy Cypress, in the good old days, will play well in a land of paper money being printed at unprecidented scale.

Make your payments on your mining claims and do little else to burn cash. BZA has a good chance to survive. May the Ghosts of Fenelon have their day again.