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Re: shiester post# 5132

Thursday, 08/07/2008 6:17:13 PM

Thursday, August 07, 2008 6:17:13 PM

Post# of 7631
Good points Shiester but normally a company controlling inground ounces,has a value attributable for those ounces.Our 30 million are given zero value.Not even 50 cents an ounce let alone a couple of dollars.

SM cannot be fully drilling by the current holders.PZG and TRGD do not have the funds to adequately drill SM.Much more deeper drilling is needed,plus more sideways investigation.About $40 million is needed to get a good quality resource report.

Then again,inground ounces could be due a boost if the next round of crisis take gold soaring.Certainly majors are into acquiring now and me thinks,not by accident.
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