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Re: EvilTweety post# 633193

Friday, 04/29/2011 11:00:40 AM

Friday, April 29, 2011 11:00:40 AM

Post# of 2379718
I especially like this part on the AUMY PR

In the mid 1990s, the property was explored by various public mining companies and they spent substantial development money exploring its potential. They projected that the property held at least 200,000 ounces of gold, which would be worth approx. $280 million based on today's price of gold. Their drilling program bottomed out in gold. However, they were not able to attract additional funds to drill deeper and subsequently the price of gold declined. The property holds exceptional potential if drilled to depth. There is the possibility that the property could be merged with one of the surrounding properties to create the potential of a 500,000 + ounce ore body.

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