gold spec under 1c with jorc & high grade rock, page-30

"Agree. If gold go's on next towards $1,100 / oz this week or next I won't be surprised to see a lot of juniors re-rate as gold fever takes hold and value is once again perceived here. Could see this one back into the 1-2c range very quickly (or higher if Traders like the game) as its resource and potential to add more (see the chip result grades) re rate."


Yes, very exciting times for the sector Jess.

I was actually reading a BoFA (Bank Of America) report earlier this morning where they state they are now calling for a $1,500 gold price by 2011 by memory.

I will look for the article but the above price target and target date is correct by memory. Most of the other international investment banks have also raised their gold price forecasts.



Regards,
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