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Re: risk on post# 40455

Friday, 08/05/2011 5:37:28 PM

Friday, August 05, 2011 5:37:28 PM

Post# of 101798
As I recall, SNEY when it put its plan together on Ghana last year, it indicated that it was already producing 15 ounces of gold a day by primitive methods. If that is so, it is producing gold at todays prices at about $22,000 a day. If it is working 6 days a week, then it is producing at about $132,000 a week. Seems to me that things may just be popping there as well. That is where they want to process and smelt its gold as well. Taking Ghana and Sierra Leone together might produce astronomical numbers that will really drive this stock way up. This company is not too cncerned with pumping up price of stock, because it is in it for the long haul and it knows the stock will be driven by the production. And remember it is wanting to accumulate more producing properties with its proceeds, plus it wants to stockpile 60% of its gold production when it becomes profitable. After all, gold will be in the $5000/oz range wont it?

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