High River Gold Mines Ltd HRIVF

Blast Off

[MightyWingman]

From Severstal's Statements:

Our gold business has grown rapidly over the last couple of years and is making a

significant contribution to Severstal’s performance. In 2009, it contributed $236 million to

the Resource Division’s EBITDA as a result of favourable gold prices and organic growth in

production units. The cash cost per ounce of production fell by 7.3% to an average of

$434 in 2009 and 534 Koz of gold were produced during the year (FY 08: 193 Koz),

making our gold business the second largest Russian gold producer. Our focus for this

business is to further improve operational and financial efficiencies.


Is HRG ready to fly???........I'd say YES!!!!!

MW

[calgary911]

so why hrg doing nothing?

[McCurdy112]

i thought this was good news? why no action?

[topoftheridge]

I also wonder when "blast off" will occur?but then everyday, we barely trade, all in a tight range and seem to close at 72 with a bid of 71 and offer of 73.all seems a bit too contrived if you ask me.smarter people than me are preaching "patience", thus I wait for payday....