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Gold79 Mines Ltd V.AUU

Alternate Symbol(s):  AUSVF

Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is focused on building ounces in the Southwest United States (U.S.). It is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company’s gold projects include the Jefferson Canyon Gold project and the Tip Top Gold project, both located in Nevada, U.S., and the Gold Chain project located in Arizona, U.S. In addition, the Company holds approximately 32.3% interest in the Greyhound Project, Nunavut, Canada under a joint venture by Agnico Eagle Mines Limited. The Tip Top Gold project is located in Esmeralda County, Nevada at the north end of the White Mountains, five miles south of Montgomery Pass, which is on United States Highway 6 between Bishop, California, and Tonopah, Nevada. The Gold Chain project consists of 15 patented claims, covering approximately 282 acres and 379 lode claims on BLM land comprising about 7,480 acres (3,027 Ha).


TSXV:AUU - Post by User

Bullboard Posts
Comment by peruchocanuckon Mar 23, 2012 12:50pm
147 Views
Post# 19710384

RE: down to 5 cents

RE: down to 5 cents

Well two scenarios here, one pesimistic and the other one (kind of) optimistic:

1) We already lost Mexico because of the deliverables were not completed (43-101 incomplete, 4 million dollar investment incomplete - even if they mentioned before that it was complete, a law suit can happen here, etc.). We go down to 2 cents and still have Nunavut.  New financing at those levels (hell of dilution) or die....or go into sleeping mode until silver prices go over 40 and look for a takeover...

or

2) Plata (PAAS)  has offered a really god deal to Robert and is looking for a deal to get Mexico really cheap, that's why shaking weak hands for all these months...the deal can be cash or, the worst case, an all paper deal where AUU shareholders get fractions of PAAS shares in exchange...in both cases Robert gets a seat on the board of Directors of PAAS, he already did something similar to Southern Andes shareholders, selling them to YEL for an all paper deal and securing himself a seat on the board of the merge company...

Anyways I think less than one month to know the end of this (horror) movie...

 

Bullboard Posts