GREY:GMFLF - Post by User
Comment by
pemican21on Jul 30, 2004 9:13am
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Post# 7762459
RE: If I hadn't bought so much at .50......
RE: If I hadn't bought so much at .50......Quick Overview:
Production this fall in Colorado,500 acres includes 18 past producers,50 ton a day mill on site,owned,permitted and ready to go.
Production costs should be 175 dollars an oz.+/-.
Target 35000 oz a year (conservative IMO)+ silver.
Fifteen major projects in Nevada,some JV'd some not.
Jerritt Canyon probably the most interesting adjacent to Queenstake.
Big potential in Tunisia (Zinc).
Some other odds and ends ,coal, diamond etc.
Production will result in about .10 cents a share earnings,based on that alone price should be significantly higher.
Drilling in Nevada this fall. If they ever hit??
Good management, small cap ,poor P.R. to date but I beleive that is being rectified.
Best potential I've seen for a long time.
Lots of good info on the new and improved web site.
Hope this helps.
Good Luck.