Post by
herbacious on May 01, 2011 10:35pm
why? buy now?
ONE MUST READ NEWS RELEASES CAREFULLY,
ON MARCH 15TH 2011, CONWAY PUT OUT A PRESS RELEASE EXPLAINING THAT THE SECOND LARGEST GENERAL CONTRACTOR, WAS BEGINNING TO DE WATER THE BELETERRE MINE.
One of the main facts is that Conway sighned a letter of intent WITH Don Bourgois to develop and refurbish this mine!
THE BIG QUESTION WHY?
This mine between 1936 and 1959 produced over 800,000 ounces .
Atotal of 2.18 tonnes of ore at an average grade of 10.73 g/t Au were extracted from the mine, PRIMARILY FROM VEIN 12 (95%of production)
NOW HERES THE KICKER WHY TO GET IN NOW WHILE ITS SO CHEAP!
1. Professional people with huge experience are tackling this venture
2. The firm thats doing the dewatering with Conway would never have gone into this if they did not realize the HUGE BLUE SKY POTENTIAL
3. And the most important fact of it all is,
THERE IS 21 MORE VEINS ON THE PROPERTY THAT WILL GET EXPLORED!
now lets just speculate here , lets say 8 veins come in like vein 12, DUDES THATS 6 million ounces at todays price, does anybody here wish to take a guess where the share price will go?
BUT THE REAL AND BIG KICKER IS THEY BELIEVE THAT THERE IS OVER 21 MORE VEINS.
SO LETS BE LOGICAL HERE, THIS IS NOT GRASS ROOTS, THEY ALREADY HAVE ESTABLISHED 800,000 OUNCES THAT WAS MINED, SO WE KNOW THERE IS GOLD.
MY PREDICTION BY THE FALL THE SHARE PRICE WILL SHOCK!
DO YOUR OWN DUE DILIGENCE
HERB