Prom Resources Inc (PRMO)

[DC168]

Quote from PR " The company expects to increase production and inventory in fiscal year 2011 and while continuing our program of selling gold material that was held back on our second quarter for tax reasons. "

There was minimal gold sell in second quarter. The gold bearing inventory must have been growing significantly. It was 5000kg in Dec 2008, 6100kg in June 2009, probably close to 10000kg by now. The production rate will increase too.

With the proposed ownership of refinery, the third quarter gold sell must be enormous. Gold index is at record high and seems to stay at relatively high ground for a while. It's looking good.