GREY:AMERF - Post by User
Post by
rainhumon Oct 13, 2010 10:48am
365 Views
Post# 17558288
Let's get real here!
Let's get real here!I've spent the last couple of hours reviewing my research on AJC.
Yes it is high risk! That has never been a secret!
But there are basic fundamentals that are real and the technical reaction won't change.
-----We have 175,000 ounces of gold in Nevada that are a known resource that is still open in all directions.
-----We are in an area of high grade gold with all infastructure in place in the mining friendly state of Nevada.
-----This is open pitable with heap leach potential within miles of the property.
-----With a going rate of $100.00/ounce insitu for Nevada gold, this works out to a value of around 15 cents a share counting no other assets or potential for this company.
------I understand the drill is on site this morning and will begin to drill once positioned.
------We can RC drill about 700 ft in three to four days.
------in two weeks we will have three or four more sets of assays pending, in a known gold hosting area.
------We were beat down by a couple of shareholders with larger positions liquidating.
------This is way oversold and my guess is we will rebound to mid teens in a matter of weeks...imo.
This is all just my opinion based on personal observations, but, imo......this is not a time to sell.
...........................rain