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Gold/Mining/Energy : Tyhee (Toronto Stock Exchange) -- Ignore unavailable to you. Want to Upgrade?


To: Farmer who wrote (527)6/10/2006 9:27:25 AM
From: Phil Jones  Read Replies (1) | Respond to of 695
 
Farmer

The 1-million ounce estimate should have sent this stock sky-rocketing. It shows just how very sick the investor market for junior golds is when a company with such potential is still trading in the Can. 35c range. If we were back in the days of the Bre-X craze of 10 years ago, this stock would be at $10+, what with gold at US$600+. I remember buying shares in another junior gold back then at $6 that are now bouncing around 70c, even though the company is looking better now than then. Junior gold investors nowadays want a gold brick put in their hand before they'll offer perhaps $100 for it, e.g. they have zero interest in companies that aren't producing at a huge profit. They want immediate massive returns on their money. The sentiment on junior golds is totally negative. Investors would rather go into "safe" areas like commercial property. Maybe too many of them got stung in the past. The Bre-X hurt is still there.

I have a question for Dave (aka Doug). Once the Mill is up and running, are you going to have to re-build the road to take the Brinks' armoured vehicles? Those babies can weigh 20 tons, and when they are loaded with gold ingots from the Mill, they're going to need a very sturdy road indeed. And talking about the Mill, when is gold ingot production expected to start? Gold isn't going to stay at current levels forever.

Phil