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Re: BulletDead post# 380

Tuesday, 04/19/2011 4:39:44 PM

Tuesday, April 19, 2011 4:39:44 PM

Post# of 1704
Agreed, I'm not worried, considering the majority of the smaller uranium companies are selling at around book value as well. So i wouldnt attribute the fall in share price to Crosshair itself. The news about the gold isnt just something "pumpers" made up. If the PR comes out saying that the 2008 estimate was right, that means that Crosshair has a 60% interest in 89,500 Ounces of Gold, which I beleive they acquired for 5 million. As it stands right now, the number included in their book value, and in their financial statements for Golden Promise is 6 million. SO if it turns out that the estimate gets legally confirmed, they can include that number in their financial statements, and theoretically their worth as a company in just sheer assets could more then double. That being said, I'm not telling anyone to buy, im just stating that ive done my research and this was my reason for buying. will CXZ double in the next 2 weeks.. highly doubtful, theres alot of politics involved with apprasals, they need feasibility studies, more estimates.. etc.. But is this a sound long term investment? I'm betting So.