(from RB)
RE ~~> TRGD
By: lootfest1234
14 Dec 2006, 08:42 PM EST
Msg. 7291 of 7293
(This msg. is a reply to 7290 by gold1690.)
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Dear Gold,by my simplistic measure,our resources seems to have grown another 30 % or so.Very difficult to assess a value.But if Ron Struther's back of the napkin figures suggest that our share of San Miguel should add at least $1.60 to our PPS.Of course,we do not know the geographical limits-it keeps going out whether north,south,east or west.The real money is likely to lie deeper-when we start drilling down where the richer pickings normally lie.
Of course,Las Minitas,if earlier figures prove up,will be BIG.400-500 million ounces of silver-if equivalent to 9-10 million ounces of gold.But 100 million ounces of silver equals 2 million of gold.that too is significant.Management is also super keen on our rich base resource play.
Personally,I still say Tara Gold is worth $2.00 now and $3 a share a year out.But of course,developments are likely to change that.I look forward to agreeing with your $5 value .
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
GB-ND
creede |
