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Re: GoldenKnight post# 18059

Sunday, 01/24/2010 2:38:41 PM

Sunday, January 24, 2010 2:38:41 PM

Post# of 36151
And in case you weren't able to read between the lines. I bring up SMC because based on your "All you need to know" analysis, would someone have bought SMC .. given it's reverse split, management blunders between Kerry Knoll and Tagliamonte, land slide/destruction in Costa Rica, hemmoraging of share price, etc.?

A resounding NO. Meanwhile, some of us did the work and knew what they had.

The QR mill/mine was operational until 2008, i.e. it's in very good shape. What is $80 million of recent construction/development worth these days esp. in this gold environment? BGM has hired a contractor to begin operating the mine...so that mitigates some of the operational risk. Assuming they have some of the old workers of the QR mill, they should be in good shape to pour gold. What's that worth in this environment, especially for a company only valued at $30 million?

And who cares if gold tests $1,000-$1,024? That only makes the risk/reward a no-brainer in our favor and once again I'll crank up the risk.

-GoldenKnight

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