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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: seventh_son who wrote (38329)	8/28/2006 3:31:25 PM
From: TrueScouse	Respond to of 39344

Jon: Thanks for posting the article on True North Gems by the German analyst... Message 22750468 I'm still not sure if the last week's move is due to the new German buying interest or the start of exploration on their nickel play. Either way I'm delighted to see some coverage after all this time, especially because it vindicates the figures that you've posted with your own analysis of the economics of the ruby samples. It's not easy to follow the babel fish translation, but I've paraphrased some extracts below: ============================================ ... We previously mentioned the immense potential of this stock... ... While a (successful) diamond play might have 0.6 carat per cubic metre, TGX has an unbelievable 12,500 carats of ruby per cubic metre in its bulk sample... This is not a typo... The ruby concentration is enormously high... ... The insiders of TGX are consistently buying their own shares... Sooner or later the price will explode! ... It's only a matter of time before the big money starts going into TGX... I've seen the samples and they would bring tears to your wife's eyes! (If you had a wife, that is! :^) ... There are several major companies that would have a strong interest in becoming a strategic partner of TGX and who might be prepared to pay a high premium in order to secure steady delivery of gems in volume... ... Just the main ruby occurrence at Siggartartulik...with conservative assumptions...corresponds to a value of 1 Billion USD. ... From the air, one realises how enormous the (ruby) area actually is... The project extends over 60km... As we flew over we could see the geologists from the air working on the property. The chief TGX geologist commented: "We created it... We have a ruby mine". ... It is almost unbelievable. The rubies are partially visible in the rock... The continuity of the ruby mineralization is impressive... It extends over several kilometers. ... In the last year, extraordinary results were obtained, but after seeing it with my own eyes, I am very sure that the results this year will be even better. ... TGX has the support of the entire village, because the village's very survival depends on the success of this project. ... I have seen the first photos of the polished 200 carat ruby. All I can say is, it's a masterpiece! ... With a market cap of only $25 Million and projects potentially worth more than $1 Billion, we consider TGX to be a possible 10-bagger over the next 2 to 3 years. ======================================== My apologies for the "liberal" translation, but I felt that it was important for people to understand the gist of what this analyst is saying. Full marks to you Jon for your perseverance with TGX. As a result of your posts it's now my second biggest holding (after CKG). I LOVE rubies! :^) Best regards, Howy