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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (15522)7/7/2006 11:06:02 AM
From: loantech  Read Replies (1) | Respond to of 78412
 
Claude,
Here is what I think. I think you are sharp and I think I know a little bit. But I really think Randy Oliphant knows more than both of us about gold in the ground and how to get it out. Look at this presentation. will only take you 5 minutes.
westerngoldfields.com

Randy Oliphant not RR thinks he can make money on his 3.5 mill ounces at Mesquite with .66 g/t grade at current prices. AAU has 10 mill ounces at .74 g/t. Build the mine and let's go with it. After the merge I do not know the share structure but at 5 bucks a share he could build it it with maybe 60 million shares and no bank loans. He would have less shares out than WGDF and three times the gold.

Right now I do not own any WGDF but I am going to buy again. They are taking action not just sitting. They will have the mine fired up by late 2007 and full production by 1st quarter 2008. I also think QEE will make it and so does NEM or NEM would not have bought 8-9% of QEE with the option to buy more.

Nevada is hot and prepared. The deposits may be low grade and as of now QEE is not making money but I think that will change this quarter.

AAU needs to build a mine with CKG. JMO.

tom