PPS will be directly linked to test results which will be here as soon as next week. The mine right next door has found a resource of over 1,000,000 ounces of gold on there properties. I am expecting similar results on the Singida Londoni property. Probably around 500,000 ounces. That would equate to 550 Million worth of gold. If we minus production costs of 300 dollars an ounce were talking 400 Million in profit. Short term I am looking for a pps of .016 in the next month. Long term if the mine becomes operational and profitable the sky is the limit. They have a minority interest in a diamond mine. VIPR also owns a 170 sq km uranium property. But VIPR is focusing on its Singida Londoni gold concessions which it purchased outright in an asset exchange. Preliminary results are very promising - 18.8g/t. Lots more info can be found at viprindustries.com I believe this will be the play for spring/summer 2010. Very very promising imo.
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