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Message: Re: Puplava selling... why?

Jan 26, 2009 01:58PM

Jan 27, 2009 04:22AM

Thanks for the handhold Bull.

I keep remembering that article posted on Resource Investor before the deeper drilling results came in. The writer (Ben Abelson) said based on what he saw or heard that these results could easily double their reserves. (It's still posted)

That's pressing on 4 million ounces if it proves true and Kimber hasn't spent much time with the rest of the Monterde property or their other acquisitions yet. Even at $100/oz. (assuming 4 mil oz.) Kimber is worth over 6 dollars per share.

Let the price of gold go to Alf Fields numbers as Sinclair now believes it will and that price skyrockets as the holdings would have to at least be valued in the $800 to $1600 per ounce range even as a takeout candidate.

P.

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