GREY:MPRXF - Post by User
Post by
hope21on Jul 15, 2011 4:40pm
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Post# 18837259
threepalms
threepalmsThe report that came out from NIA was mainly old information that we all know about was nothing new.
The market was most likely expecting much more than what NIA presented today.
In the next 2 weeks we should see some nice movements.
Just before Headway results come out the market will most likely get nervous.
We Know that our Monument Bay property is going to give us approximately 900,000 ounces M&I and 1,100,000 of inferred ounces of Gold by the end of this year as per company projections.
We also know that our Madsen property is projected to give us 300,000 M&I and 700,000 inferred ounces of Gold
Which means we will have approximately 1200,000 M&I and 1,800,000 ounces of inferred by the end of this year.
Those two properties make this play very safe for those who understand value.
Headway will be the icing on the cake once we do hit the major discovery.
I believe this baby is next GEA in the making like some poster mentioned earlier and it is so true.
Between Monument Bay property & Madsen property and our Headway property we could be over 6,000,000 ounces if everything pans out.
We all know Threepalms that the odds that this play will explode are high.
The market does not see the potential of this GEM just yet but it is slowly getting there.