RE:Toroparu | I would like to know what the plans are for this enormous gold deposit. There aren"t many deposits of this size anywhere in the world and they are still drilling to add more. If you believe that gold is going much higher, than this valuable asset won't have any trouble becoming a mine. I can't believe that GCM would make this deal just to sit on it. The market doesn't like this deal right now but there must be more going on that hasn't shaken out yet. |
Mac this project if you have a half hour sit on the link from a couple of years ago on the
GLDX board on a yesterdays posting. They have sunk 150 million into the project and
the interesting dynamics of the mine is that at gold price of $1500 and up it becomes
insanely profitable. Listen to CEO somewhere about the 30 minute mark. When they
shelved things the only thing was the gold price holding them back.
It is a poker game but if gold stays above 1500 the sky is the limit here IKE