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Politics : Gold and Silver Stocks and Related Commentary

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To: Rocket Red who wrote (17830)	8/30/2005 10:01:07 AM
From: seventh_son	Read Replies (1) of 18308

This news is nothing like TGX's news yesterday... a new deposit of well-formed ruby crystals right at the surface (deposit number nine). What is different about this one is that the other rubies were not high grade (you know... those ones that sell for thousands of dollars a carat, with an 8 carat ruby selling at auction for $1.2 million earlier this year). By the description, this one looks like it might be, with well-formed crystals up to 4 cm in length, which is huge. I think that everyone needs to turn in to the ruby channel... this company could explode into a billion dollar company, which could mean a hundred bagger. And just how much downside is there to this play, given all that they've got in a $12 million company? Look at Canada's Aber Diamonds, market cap $2.4 billion. With the TGX finds in Greenland, they could be on their way to becoming the DeBeers of rubies.

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