Post by
threepalms on Jul 20, 2011 6:19pm
low grade surface deposits
with open pit potential when taken as a whole create an opportunity for significant profits at the present price of gold.
Gold continues it's climb in value and as it does and finds this new value opportunities are being created for significant profits.
The large land holdings on the Masden Trend of Premier/Sabina/Mega/Claude Resources and Goldcorp when taken as a whole cause one to appreciate and understand the future of Red Lake.
Keeping this statement in mind and the following statement from the Data sheet released by Mega yesterday causes one to appreciate where this is going.
"The goal is to delineate sufficient bulk surface measured and indicated resources for a 50K + gold oz per year operation and/or develop partnerships with adjacent owners to optimize the project size and economics."
This is why I am so confident about this company.
Headway
Masden
Monument Bay
Satterly
each of these projects could cause a tremendous win for us.
You either get that and appreciate that or you don't.
Not complicated. One just needs to look at this picture as a whole with an open mind.
Comment by
Dano6 on Jul 20, 2011 7:09pm
The value of a company is only good if it's represented in the price of the share, threepalms try to sell your share at 1.74$ like NIA says it's worth, you will have no taker's. You will say in the future it will, well we will have to see then. Today share price is 0.61$ and that all the company is worth until proven otherwise.
Comment by
Dano6 on Jul 20, 2011 7:26pm
Last september I was in a position to etheir buy a Harley and take a vacation down south in the winter time or invested, at this price still not losing but last winter was very cold and this summer no wind in my face.
Comment by
wayned on Jul 21, 2011 8:29am
Detour Gold is building a large open pit at a remote site north east of Cochrane Ont. There is no infrastructure there. There will be 1000 construction workers by the end of this year then 500 operators the next. My point is if a mine like this is feasible there than Jim`s plan for Madsen is certainly a possibility where all the services are already in place.