ShawnJon Monday, 12/27/10 03:51:12 PM
Re: ListenToMe post# 948
Post # of 5289
Hello Fellow Shareholders!
Hearing the "MEGA DEPOSIT" too become reality! so is $2.50 a share sir.
Based on Penoles' resource estimates and current $1,200 per ounce gold prices, the value of El Torno gold in one kilometer of the 14 kilometer vein could potentially range from $600 million to well over $2 billion. However, Penoles' estimates are based on a limited number of drilling samples, so actual resources could differ materially from their estimates. Geochemical surveys completed in 2008 indicate the gold vein is mineralized throughout its entire length, suggesting the potential for a mega-deposit of gold at El Torno.