Prediction: Silverado will soon be getting > $1,000/Oz for Nolan Gold.
posted on
Feb 17, 2009 12:06PM
Correct me if I'm wrong, but the Preliminary Pre-Feasibility Study was based on gold @ $750/oz. (Tom Bunzten). At this price, Silverado was deemed to be economically viable at the Nolan Site. Imagine the difference with gold going past $1,000. We've only scratched the surface. Maze, I've said before that I will eat my shirt if we don't get financing - I stand by it! The world economic financial crisis is getting worse by the day - Chrysler needs another 5 B bailout to survive , & have pledged to cut 3 models - what kind of temporary band-aid is this?
Gold is finally becoming appreciated & we will be the beneficiary. And then there is Antimony - with no current production anywhere in the U.S. U.S. owes more than entire world GDP - Japan is in worst economic shape since W.W. II. Europe & Asia continue to slide. Debt loads becoming unbearable everywhere. Credit is tightening beyond -situation is really scary for millions of people. Silverado presently has no debts & has invaluable assets. Personally I think our Green Fuel would be more readily accepted in China - the U.S. have no money or interest to take advantage of our 250 - 300 yr. supply of low rank coal - 4,000 families could be employed at CTLF Commercial Plants plus the spin-off industries- their heads are buried in the sand!