Glencairn Gold Corp V.GLJ Message Board

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Gold/Mining/Energy : Glencairn Gold Corp V.GLJ

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From: tanoose	3/12/2005 10:46:07 PM
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Well maybe we can liven this forum up a bit?? Glencairn is about to move up the ladder in the production department, their Belavista Mine is scheduled to produce gold in the second quarter of this year. They have drilled and doubled resources at their Limon Mine, so together they have a production target of 115,000oz's of un-hedged gold for 2006, i believe this year will come in around 90,000. Life of mine present reserves for Limon now have been doubled to just over 5 years and Belavista has around 8 years drilled off at present, more drilling is planned for the Limon concession. They have announced that they are selling off their voguel property for more than $3,000,000 plus, this does not fit their planned profile moving forward. I think they had about 10 million in cash on hand before this latest property sale. They have announced that they are actively seeking another aquisition that would move them quickly to over the 200,000-250,000oz/yr platform, making them an intermediate producer. Recently announced they have listed on the AMEX exchange as well. Last close was at 0.59...........under valued at this time IMHO. Check out their web site; glencairngold.com With regards; Frank

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