Oidon Company, Ltd. (OIDN)

[jonesie54]

Good post on MGMX here:

http://www.hotstockmarket.com/forums/showthread.php?t=38322&page=50

Today, 11:10 AM #499
Mountainbull
HSM Enthusiast


Join Date: Mar 2006
Location: San Diego
Posts: 652

Quote:
Originally Posted by kapone
It's about a million ounces. It doesn't mean all of it is recoverable. It doesn't mean it can be recovered "profitably". Read the news and analyze it for its worth. Don't just start jumping up and down because of the news and start saying that this company has a BILLION ounces of gold. The company is 2 months old....
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Yes and no. You have to read the Columbian newspaper article (Columbian Equivalent of LA Times). The mines have been around a long time are are being mined profitably. The company was formed by five powerful Columbian families combining holdings into one company. With modernization, this could be really big