GCR has been beaten down hard for such a long time yet she holds firm on solid ground with a plethora of gold, uranium, base metals and phosphate tenements across Australia, Panama and Canada.
The Chinese like what they see and they are not after paper, they are after the real stuff (copper, gold and possibly uranium). Ecerpt from GCR website (www.goldencross.com.au)
"In late 2008 GCR and HQ Mining Resources Holding Pty Ltd (“HQ”) announced a strategic alliance. HQ is the Australian investment vehicle of Beijing-based China United Mining Investment Co Ltd (CUMIC).The alliance will provide Golden Cross with an immediate injection of funds, as well as operational, development and marketing assistance with the opportunity for further financial support. HQ will use Golden Cross as its platform for future growth in Australia, Southeast Asia, the Pacific, and the Americas.
GCR's Chairman, Chris Torrey, said "The alliance of Golden Cross and HQ marks the commencement of new growth phase for Golden Cross, which will provide exploration and development skills in concert with HQ’s funding capacity, commercial ability and contacts to source capital equipment for potential mining operations." "
Have a look at the fundamentals and the charts. Then know that the MD is currently in Bejing talking turkey with the cash laden chinese. Then look at Copper Hill and think for yourself.
Good Luck
GC
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