Hunt Gold Corporation (HGLC)

[overachiever]

HGLC's price is ridiculously high when one considers the fact there are 294 billion shares outstanding and the cost of putting a gold mine into production is enormous.

(Barrick Gold, for example, just announced it is going to cost them and Goldcorp 2.7 billion to put a new 22 million ounce mine in the Dominican Republic into production
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33920467 )

The current market cap of HGLC is approx 58 million dollars at it's present price of .0002. That's a lot of money for a mined out property that cost many, many multiples less.

HGLC is worth less than .0001 in today's market. Gold would likely need to go to 3000 or more an ounce to make HGLC worth what it is trading at today. I'm sure that's why the selling has been so intense.