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Saturday, January 15, 2011 6:58:31 PM
Click business
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click this
http://www.mbendi.com/indy/ming/gold/am/cn/p0005.htm
xxx xxx Corporation operates the Con and Giant Mines near Yellowknife, Nunavut. As resources are exhausted at the Con and Giant operations, production is expected to decline during 2003 and 2004. xxx and its wholly owned subsidiary xxxx Hope Bay Ltd. Have a joint venture with Hope Bay Gold Corporation Inc. in evaluating the 80km long Hope Bay Archean greenstone belt. Three principal deposits have been identified to date, including the Boston, Doris (North and Central) and Madrid deposits that have measured and indicated resources estimated at containing some 1.4 Moz of gold.
It looks like the they discover 1.4moz of gold* deposit back in 2002 and left it because the price of gold was so low. Now that Gold is $1,400 per oz they are going after the deposit under NWTT.
Do I understand this correctly???
*What does MOZ stand for? Million Ounces (mining)
1,400,000 ounces x $1,400 = almost 2 billion dollars!!!!!!
*My Posts should Not be used by Anyone to make Any Financial and or Unethical Decisions. Just my opinion. :) All material posted by me is for informational purposes only and should not be construed as an offer or solicitation to buy or sell stocks.
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