Palisades Ventures Inc USTDF

RE:RE:RE:RE:RE:RE:RE:No Resources!

[AcynicalJedi]

idleintruder wrote: Great question!   My point exactly.  Glad you understand that you could lose all your money investing in these penny-wishfulls.    Rockhaven is much further along than Fremont. 

It has mineable  high grade gold plus other metals, something like 1.8 million gold equiv. ounces I believe, yet it is unloved, unappreciated.   RK's gold is near surface; easy to dig out, and its location is excellent.  IF it finds  another 2 million ounces gold, ; IF the market turns; IF  financing doesn't dilute it to oblivion, if Angels sing in its favor,  then it could jump  5 to 10 fold.     Nothing guaranteed, though.

Rockhaven is a big risk--just less risky than Fremont.   Probably, it will be years before Fremont gets anywhere near Rockhaven's  700,000 indicated gold ounces.   When it does, would you be satisfied with 14 cents per share, RK's recent price?    So much depends on the market; on fate.  

The truth is the assays at RK were mediocre coming in between 1.6 and 6.6 g/t which makes them at best an upper end low tier mine. GGI hit the goods and took off instantly and never looked back. If FRE comes back with 6-10 g/t this skyrockets. If it doesn't then the price probably holds in this range just like it has for over the last year and I sell at break even or a small loss. Little downside tons of upside I'll take my chances with a modest investment here.