GREY:ICMTF - Post by User
Comment by
TheRock07on Jun 03, 2009 9:49am
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Post# 16039702
RE: Very Interesting...ELD buys stake in Sino-Gold
RE: Very Interesting...ELD buys stake in Sino-GoldNote that the deal......19.9 % of Sino for US $282 million....valaues Sino Golds gold resources ( 4.6 m oz ) at $305 US per oz.
ICI's Dachang deposit is already at 2.9 m oz and that number will increase significantly when the new 43-101 comes out in the next few days.
Dachang is adjacent to both ELD and Sino's gold mines in China and is a clone of each.
Load up on this very cheap gold stock, currently trading for less than $20 per oz of gold resource.