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Re: Jeff1244 post# 8814

Sunday, 04/07/2013 11:43:06 AM

Sunday, April 07, 2013 11:43:06 AM

Post# of 69143
This is a pump. Has a market cap of around 150 ml. Has leases of land and has never drilled a hole. They compare to gcm which did 100,000 ounces last year has a market cap of under 100 ml. B2gold has three mines, none in columbia.Gold mines in columbia trade at a discount because it isn't a good place to mine. It takes around 5 years to go from where they are now to get a mine going. Also takes a lot of money. They haven't even did a pre feasability study. No legitimate company says because of soil samples we have 20 million ounce potential. I can give you at least 10 producers of gold that actually have working mines that have a market cap of less than 150 million. They say gold is surging, gold has gone down the last two qtrs. If it went to 10.00 that would be a 2.5 billion market cap. Think about it, they have some land in columbia that is it.
Can this stock go over 1.00, definitely, will it be below .50 come june or july, definitely. Come here in september, there will be no posts here and the stock will have no volume and be way below what it is now. Check out nsrse which was nsrs a couple of years ago. They had 18 billion dollars worth of gold potential and went to 1.80 now at .01 If you can make some money that is great, but don't get greedy and do not keep it for a long term investment.