Ken Berscht takes USAU .0020 to $2.50
The guy has the firepower too behind him. Go back and read Oct PR
USA Uranium Explores Comstock Royalty Plan and Pursues Additional Gold Properties
Las Vegas, Nevada—Oct. 23th, 2009, USA Uranium Corp.
CEO Ken Berscht is pleased to announce that, "Our recent trip to visit the Comstock Lode in Nevada opens new areas of focus for USA Uranium as we expand our former gold producer and the Net Smelter Royalty (NSR) royalty acquisition model with strategic and early stage gold development projects which fit our business model of exploration and royalty development projects. The Comstock Lode Mining District in Nevada provides huge opportunity with early and strategic projects in the gold NSR royalty arena. The history and lore of the Comstock lives today and USA Uranium is stepping out to expand into this historic gold production area."
USAU also announces that following the Company’s policy that “gold is where you find it” it is proceeding with final negotiations to acquire two former producing properties located in southern California. In the early 1900’s throughout this area, numerous mining operations were actively conducting both underground and surface mining projects that produced tremendous amount of gold. These properties were prolific producers and were mined actively until WW II shut down production and then sporadically after that. These properties produced in excess of $300,000,000 dollars of gold at today’s prices. The Company plans to utilize a consistent exploration program to attempt to identify additional gold reserves in former California gold producers.
According to Ms. L. Skaer, Executive Director of the California Northwest Mining Assn., a trade group that works with California mining companies. "The advent of $900 [now well over $1060/oz] gold, current economic conditions and printing of US dollars will make formerly producing California gold mines one of the most attractive gold mining opportunities in the world.”
IR said it was Christmas time and I believe that guy.
I think these guys are gonna rattle us and by end of 1Q with a crap load of deals. Its just the way Perez said it, the guy is a little whacked, but he said he was gonna punish sellers and reward spec longs and I believe him.
