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

To: loantech who wrote (63228)	2/1/2009 10:24:03 AM
From: MICHEL GUIBERT	Read Replies (2) \| Respond to of 78417

IMO needs around 10mm $ to extend the shaft , but during the time , Beaufor operate and make money to pay the expenses. Time...no idea. We will know more when we will receive the drilling results and they recalculate the reservs, actually there is 5 drills at beaufor so the job is not finished. I think there is lot of gold in depth , look at agnico eagle project (La ronde) , Actually Beaufor has 2-3 years reservs, if RIC can change the picture for 7-10 years , share price will move. If you look at RIC chart , twice the share price go near 1.00 and very fast after that the share go to 6.00-7.00 , I think we will do the same again this time, big resistance at 4.50--5.50 due to the 4.90 financing a couple of years ago , after that big resistance around 6.50--7.00 , but IMO we can pass the 10$ , 12$ maybe... We just need bigger reservs , promotion and roadshow.