Replies to post #1304 on Penny Gold Miners

[Montanore]

AGCZ's mine is in Ecuador. Columbia or Venezuela? Yeah, I'd agree with you.

The mine is active and is currently processing 20 tonnes per day of ore, producing 1.0 oz per tonne of Gold and 15g per tonne of Silver average from shafts within the Miranda property. These tunnels have more sites ready from where the company could increase production, but not until the processing capacity of the plant is improved where some workings are already underway. In the short term, the company plans to increase production from the mine up to 100 tonnes per day.

Only on the Miranda vein, the company has 95,000 oz. of proven reserves and inferred resources from the 700 level on miranda, azul, estrella, sul and viscaya veins are 600,000 oz..

As they ramp up production, look out above. Of course, that's also predicated on higher gold prices....

Yeah, there are a lot of shares out, but only a 44 million float.

[True Blue]

There has been a drug war going on in Columbia for more than 20 years by our own operatives. Why would you invest money in such a corrupt country??