GREY:KXLAF - Post by User
Post by
mellow99on Feb 24, 2011 10:32am
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Post# 18186692
Oil UP over $100...Gold is UP $1418....
Oil UP over $100...Gold is UP $1418....And so the crisis continues....Saudi sannounce this morning that they will make up for any loss of OIL production from Lybia....the civil war continues there ata heated pace, with Quadafy promising to blow up all the Oil infrastrcture in Lybia...In some ways remeniscent of Saddam Hussein..I don t believe it is fair to jugdge him at this time..he realises thst they are trying to steal Lybias current and more important future Oil production...The one thing that can be said, Mouamar Gadafi and his paid gangs will fight to the end...
Looks like the panic in the jr. explorers is stablelizind and almost over ...PDG is 32 to 33 with very little volume...I believe we may only be a number of days from that important NR from Magino, and hopefully PDG will iin earnest commence significant rise, when we finally all know the status of the amount of additional Gold ounces, we have to this point...Much more driilling will be conducted, for a year or so wherein more Gold ounces will no doubt be discovered...As I mentioned the other day, even 1 to 2 million ounces is good enough for a 100,000 thousand a year, for a least 15 years of production, at very reasonable open pit production.All of the proven NI 43-101 simply are not just away, as some of the nay sayers are wishing for...that questiion/issue will be put to rest once and for all...
Good luck to all PDG true holders...you may wish to add some more...I know I will...
M99