Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (129545)	8/29/2008 2:25:02 PM
From: loantech	Read Replies (1) \| Respond to of 312463

I know just kidding. I do not need any stocks that trade for .0008. In fact I got rid of all my sub 1.00 stocks finally. Did you ever look at RIC? They have 1.25-1.30 in cash for each share at about 2.60.They may hit at Golden Wonder in the 1st or 2nd set of holes. Not sure if CC linked the LKAI stock in Ormetal but here is an interesting web address to check out. Historical grades of over 16 ounces to the ton: lkaintl.com <Drilling Underway at Golden Wonder 6 Level 2008-08-22 21:01 ET - News Release Core Samples from Drill Station #1 Shipped to Lab for Analysis GIG HARBOR, Wash. -- (Business Wire) LKA International, Inc. (OTCBB:LKAI) reports that drilling is currently underway at Drill Station #1 located near the portal (surface) on the 6th Level of the Golden Wonder Mine, which is owned by LKA and operated by Richmont Mines (AMEX:RIC). As previously announced, Richmont has the option to earn a 50% interest in the Golden Wonder by expending $18 million in exploration and development costs over a sixty-four month period. Drilling contractor, Cabo Drilling Corp. (TSX-V:CBE), is completing the second of two holes with a combined length of 1,917’ at Drill Station #1. The primary objective of drilling from this station is to test the lateral extent/existence of the Golden Wonder’s ore bearing structure nearest the surface. Drilling is expected to commence at Drill Station #5 by the end of August. Station #5 is located nearest the ore producing zone, which yielded over 133,701 ounces of gold at an average grade of 16.01 ozs. per ton (453.87 grams p/t) on an intermittent basis from 1998-2006. The objective of drilling from this location is to test for parallel veins and structure depth (up to 200’) below the known ore zone. Assays from eight samples taken from this area by Richmont during 2007 averaged 16.82 ounces of gold per ton (476.84 grams p/t). In his recent report entitled “A Guide for Future Exploration at the Golden Wonder Mine” Delmer L. Brown, PE, noted: “The finding of such high-grade ore as has been recently achieved has not come as any great surprise. Occasionally, while developing the SUPCO winze and driving along the 4th level drift, the author’s sampling and assaying yielded exceptionally high gold values, in several instances exceeding a hundred ounces gold per ton. In making the underground assay maps, these high assay values were routinely discounted as anomalous, but the frequency of their occurrence, collectively considered with other important aspects of the vein mineralization and vein structure, provided suggestion that the deposit could develop into a significant gold deposit.”>>>> stockwatch.com I have already bought in as I heard turn around at the lab is pretty quick. I guess there may be two holes at the lab now. If it goes bust I do not think at these levels much is priced into the stock. CC would of course be the one for hard facts on this.