Replies to post #2 on Canadian listed companies exploring for gold in So

[buyittradeit]

Nice board. The farm land that the Kennecott Minerals bought was a cotton field back in the 80's (along with a lot of other land). But the main property belong to the Murphy family. In fact, if you were to drive down to where that mine is located you will see their family cemetery. If you were to walk threw the cemetery to the other side would see a huge crater were they dug.

Haile Gold Mine as stated here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58312888
Says (The mine, located about three miles north of Kershaw, hasn't been active since the early 1990s. But Canada-based Romarco Minerals bought it in 2007, confident that advancements in technology could help turn the mine into a gold producer again.
The company has confirmed that the mine and surrounding land contain at least 4 million ounces of gold, making it one of the more significant gold discoveries in the United States in the past decade, Romarco President and CEO Diane Garrett said.
Romarco expects the mine to produce at least 140,000 ounces per year for at least 12 years starting in 2012.


Letters from this group have been sent out to residents of the surrounding area inquiring about their property.

One of the reasons I think the shares of Romarco Minerals Inc. have falling just a tad is because they are raising the funds. Not a huge decline but some dilution in order to pay for the land In my opinion. I think most investors understand this and this is also why you see such nice volume. Also I have noticed a lot of airplanes int that area. Are they taking surveys? Not sure.

Also the rocks (mostly clay in the area) indeed have a yellow tent. But from my understanding you have to have so many tons of it just to get an ounce of gold. Now this company says they have the technology that will do the process cheaper and they are capable of finding more with their new technology.

I am also sure they are looking (or have gotten) grants to help fund their operation as well.

[buyittradeit]

Heck if you want the next time I am in Ridgeway I will take pitchers of that crater. Just remind me.