High River Gold Mines Ltd HRIVF

RE: RE: yes

[Power1]

Interesting comments.

High River Russian mines will go to the Russians and I believe that their Burkina Faso mine has debt on it greater than the value of the asset; sounds like a sub prime mortgage, right! So no one will pick up Taparko until the banks take a bath or the banks had better start mining to get their money back.


African debt is approx $50 million.  THat doesn't seem to outrageous considering there is one new mine and an advanced exploration play.  Reserves over 2 million ozs with big upside potential.  Even excluding the producing mine, the gold in ground is the same value as debt assuming $25 per oz (which is well below a sale value IMO).  And lets not forget about $30 million plg share value pledged against the debt.

If you're going to bash or comment, at least present the facts.   Fresh eyes will be looking at HRG so let's at least be informative and not bash or pump with incorrect information.