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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum
Magellan Minerals Ltd
MAGNF
Metals & Mining
Gold
"Magellan Minerals Ltd is an exploration stage company. The Company along with its subsidiaries is engaged in the exploration and development of mineral properties, with a focus on gold properties in Brazil."
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OTCPK:MAGNF - Post Discussion
Magellan Minerals Ltd
> Gold Juniors averaging $45/oz
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deadlock
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Post by
deadlock
on Oct 21, 2012 9:09am
Gold Juniors averaging $45/oz
From a valuation perspective some of you may be interested in the article I posted this weekend. The report I publish monthly for paid Stockhouse Ticker Trax subscribers is currently averaging $45 per gold ounce (54 companies with a minimum 1 million oz in a 43-101). Prodigy (avg grade of 0.87 g/t) takeover this past week was also done very close to $45/oz. While Galway's takeover Friday in Colombia (to consolidate a region and target 4 g/t) was done at almost $200/oz - demonstrating the importance of higher grades.
https://www.stockhouse.com/opinion/ticker-trax/oct/19/october-junior-gold-valuation-validated-by-prodigy
Danny Deadlock
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StackinCheese
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Comment by
StackinCheese
on Oct 22, 2012 7:27pm
Well that "run" was fun......back down 10% today, awesome.
Thank You
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