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Message: reason for buying

reason for buying

posted on Aug 05, 2009 10:47AM

The clincher, for me, is that they are starting to mine the alluvial gold. This action takes them from being a gold exploration company, with all the inherent risks and problems, to being a producer. Now they have a steady income, so they can fund the drilling projects, and hopefully not have to go back to the table for more money. The alluvial mining requires no expenditure for equipment, is low tech and low cost with very good recovery rates. I also like that they're located in a stable, friendly country. At least, relatively. All in all, I think it's a company with great potential, and the timing is perfect. Just my opinion, of course.

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