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


To: LoneClone who wrote (55147)1/9/2008 12:26:51 PM
From: LoneClone  Respond to of 78410
 
LOL I posted the previous post about GXL without noticing que seria's post just before it.

LC



To: LoneClone who wrote (55147)1/9/2008 1:34:04 PM
From: Claude Cormier  Read Replies (1) | Respond to of 78410
 
Yes.

Interesting resource for that $50M market cap (fully diluted).

There are a few caveats though, including the backin right by Kennecott, the large number of shares outdtanding, and the uncertainty about the economics of this low grade resource.

On a per ounce basis...looks cheap. The stock price should grow as they move more of the indicated and inferred resource into the measured category.