Golden Raven Resources Ltd (GVN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Golden Raven Resources Ltd (GVN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Russell Gish who wrote (2365)	7/11/1997 1:15:00 PM
From: Scott Cameron	of 3155

Hi Russell Based on the state of the Venture markets these days I can see why you may think this investment is not too promising. You probably have friends that say, "Why did you buy that dog?" etc.etc. So for those of us that own the stock and want to be contrarian to our friends, let's pull out the old crystal ball and look into the future: 1) We have proven tonnage on the Chloride property and the strike is open in all directions. Phase 2 drilling will start soon and we don't need much infill drilling to expand our drill indicated tonnage significantly. Also, we are very close to production with what we do have and this means we can finance activities internally and eliminate any furthur need to dilute the stock. 2) I believe that AFF's share of the "Chloride" is down to 28.5% and they have just a few days to pony up about $80,000 or their share goes down to 10%. Thereafter they have another 10 days to buck up or they lose the rest. 3) The reason most of us are in this deal is the unbelievable opportunity we have in the California property and yesterday's announcement tells us that "the games have begun!" Remember that this property is in a geologic district well known throughout gold mining history of the U.S. as having the best high grade gold-quartz vein systems ever found. The adjacent 16 to 1 mine is still going strong with new zones that one analyst predicts will add millions of ozs. to their reserves. Over the years they have produced over 1 million ozs. and the new zones are getting even better. In fact a June 4,1997 news release confirmed the production of 1,000 ozs. in 1 week! Now our property is right on strike with these guys and considering the fact that mining stopped on our property in the 1930's after producing some of the largest nuggets in California History (including the largest -- a 170 oz. behemoth), then I would have to think that the probability of having a successful drilling program is extremely high! 4) Let's look at gold.....It is presently at it's lowest price in constant dollars in recorded history. For two decades production has fallen by 2% per year while industrial demand outstrips new supply by 100%. Presently it's country's like Australia, who sold 2/3rds of their reserves over the last 6 months, who are selling gold to keep their currencies intact. Also inflation has been in check for some time and countries feel that they would rather invest in income bearing securities rather than the non- income bearing gold hedge. As these bank reserves are drying up thereby leaving less to dump in the future and the low gold prices are driving marginal mines into closure......then IMHO gold has nowhere to go but up! My final words --- PATIENCE friends. Cheers Scott

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next