GOLDBUGS AMEX Goldbugs Index (GOLD)

[Picassa]

Initial reaction by the market is puzzling given that gold is probing new all time highs. It is as if Mr. Market is unaware that the company just reported drill results including 10.2 meters of 56.5 g/t Au. Included in that section was a 1.5 meter interval grading 357.9 g/t. That is some very rich material, friends. At 357.9 grams of gold per tonne, each tonne of material currently represents $16,000 per tonne ore – plus.

We’d suggest that those not yet acquainted with the TLR story get busy on the due diligence trail. We expect that this is but the first of a string of news items that will be coming from our favorite Idaho-based soon-to-be-gold-producer.

http://www.gotgoldreport.com/2011/04/timberline-cuts-10-plus-ounces-per-ton-gold-in-montana.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+typepad%2Fggr+%28Got+Gold+Report%29