Re: Prediction: Silverado will soon be getting > $1,000/Oz for Nolan Gold.
posted on
Mar 03, 2009 07:00PM
Silverado already gets more than $1000 an ounce for their placer gold. Actually, whatever golds spot price is, placer gold usually gets 30%+ over spot. By the time the spot price does get to $1000 again, the share value for Silverado should be all of 2/10ths of a penny by then. Silverado, with it's 900 million shares sitting on the Nolan site with a few thousand ounces of placer gold, will always be a low end operation. The Green Fuel project, under the Obama administration, will never get off the ground. With the current investment problems of getting investors interested in anything, Silverado will not show up on any radar screen as a real opportunity. With multi million ounce operations falling in share price value, what chance does Silverado have against those odds.
To bad. At one time, Silverado had something going for it. Now all that it has is a few old men looking for some retirement income from suckers like us. I gave back almost 50% of everything I ever made from Silverado before I sold off the rest of my shares. As I see it now, you have better odds at winning the lottery than coming out ahead on Silverado. Good luck to you all if you hang in there.