gold

This gold play will be huge! Here are some of the reason as to why I feel this way.
PMI Gold is pleased to be able to attract such experienced and respected Australian Directors to join the Board of the Company following its proposed Australian listing. Mr. Buck has been associated with the discovery and development of a number of mineral deposits in Australia and Brazil, and Mr. Ashton was the founding Managing Director of Red Back Mining Inc., which was recently the subject of a merger with Kinross Gold Corporation which valued Red Back at US$7.1B. Their wealth of exploration and development experience will be invaluable for PMI Gold as the Company progresses development at its Obotan and Kubi Gold Projects in Ghana."
Mr. Buck is a geologist with 35 years of international exploration and production experience, principally in nickel, base metals and gold. During his career he has been associated with the discovery and development of a number of mineral deposits in Australia and Brazil.

Here is a very informative interview with the talk of gold at 5000 an oz ROB MCEWEN
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/11/27_Rob_McEwen.html

Here is some of the last drill results!
http://www.asx.com.au/asxpdf/20110114/pdf/41w5t89wq63t30.pdf

With 34.5 million in the till a firm gold price and the addition of Peter Buck and Ross Ashton to the team its blue sky ahead folks.
We continue to focus on gold deposits with higher grades and lower capital costs. An aggressive $12 million exploration budget has been set aside for 2011 to upgrade our current resources at Obotan and Kubi and, to locate new discoveries within our extensive land holdings in Ghana.

We are looking at options to build a mine/mill complex at Obotan with feed provided by a pit cut at Nkran, from the underground deposit and from satellite pit operations, potentially including underground from Kubi.

Scoping and feasibility level studies will be advanced through 2011, with financing and construction thru 2012.

Gold production is planned for 2013.

Judging by Rob's incredible ability to find gold, I hope his abilty of predicting gold prices is accurate. $5000 per oz of gold will make this near term producer at hefty profit.
I believe we had a couple of drills turning and should see some results rather quickly. This has been a excellent buying oppurtunity on pmv gold. The aussie IPO was over subscribed at 70 cents and now trading in the 59 cent range. Gotta love the cheap shares.

?PMI Gold has lodged a prospectus with the Australian Securities Investment Commission (ASIC) for up to A$27.5 Million IPO and a co-listing of its shares on the Australian Securities Exchange (ASX), targeted for December 2010. Hartleys Limited of Western Australia is Corporate Advisor and Broker to the IPO
?The Prospectus outlines an aggressive exploration and development program at the Company's Obotan, Kubi and regional exploration gold projects in Ghana:
◦$8.0 million budgeted for resource upgrade and expansion drilling at Obotan to increase to +40,000 metres
◦$2.0 million deep drilling program to test for depth extensions to known mineralization under the Nkran pit
◦Feasibility studies at Obotan and Kubi to be advanced
◦Regional exploration budget $5.7 million over 2 years, to test targets along 85 km strike length of two of Ghana's major gold belts, Ashanti and Asankrangwa

PMI GOLD has a 40,000 meter drilling program planned for Obotan project. They have a 10,000 meter program planned for Kubi project.
Kubi project adjoins Anglo Golds Ashanti"s OBUASI mine(largest underground mine in Africa 60 million ounces 113 continuous minning year history)
Minning analyst predict West Africa will be 2nd largets gold producer