theres gotta be some this week, page-14

Agree with 71c4/Rabbitoh,

MYG news has so far been a little slower than i had hoped.
Although MYG project will be much higher the 2/gpt, we have a few hurdles to cross. I have always maintained that getting over the 1m OZ mark is vital before production.

As for Rabbitoh comments, i agree no gold stocks have moved anywhere....

Look at RSG (targeting 350-400oz of gold PA) and they have stayed around the 1.25.-1.35 level for a long time and cant break. NCM made 1 billion and was down lasted i saw. SAR cant move KRM also in a trading ranging. These are all producers and making records profits !! So dont expect jnrs to move if the producers cant. They are being held down and higher pog will reserve the trend.

Once gold takes out 2k they will move like a rocket, i reckon, people believe gold will drop even though time and time again they have been proven wrong. Herd mentally i guess. Also look out for sharp corrections to come in the market. FOMC meeting is 26th August and the Fed just may pull the QE3 which should take PMs to the level we want.

interesting article below also for those intrested re MYG

Redhill Resources acquires 100% interest in the Gullewa gold project in WA

Redhill Resources announced Wednesday it has acquired a 100% interest in the Gullewa gold project in Western Australia from Sherwin Iron.

Under the terms of the transaction, Mutiny Gold, Redhill's joint venture partner in the Gullewa property, paid Sherwin Iron AUD $4.0 million on behalf of Redhill.

This payment is in line with Redhill's agreement with Mutiny, whereby Mutiny has the opportunity to earn a 70% interest in the Gullewa property, by making a total of AU$9.0 million in payments, plus 70% of replacement bonds to Redhill.

In addition to the $4 million payment to Sherwin, along with a previous payment of AU$3.0 million, also paid by Mutiny to Sherwin, Mutiny must still pay Redhill the remaining AU$2.0 million on or before October 31, 2011.

After this final payment, and the transfer of the 70% interest in the property to Mutiny, Redhill may relinquish its remaining 30% interest in the gold mine to Mutiny for another AUD $4.0 million.

Redhill will retain a 10% net profit interest in the property on all future production. Gullewa is a 550 square kilometre property located 450 kilometres north of Perth.

In June, Mutiny extended the main Deflector deposit at Gullewa, which currently hosts resources measuring 1.7 million tonnes grading 4.18 g/t gold, 6.87 g/t silver and 1.03% copper in the measured and indicated category, and 1.6 million tonnes grading 6.5 g/t gold, 3.41 g/t silver and 0.48% copper in the inferred category.

An update to the resource for the project, which now extends over 850 metres, is expected at the end of the current reverse circulation and diamond drill program.

Redhill's interest in the Gullewa Project was originally acquired from Sherwin Iron Ltd. (formerly Batavia Mining Ltd.) under the terms of an agreement dated April 18, 2008 as amended. Accordingly, Redhill has now completed the terms of acquisition from Sherwin Iron Ltd. to acquire the 100% interest in the Gullewa Gold Project.

Redhill entered into an agreement with Mutiny Gold, dated July 20, 2010, whereby Mutiny could earn a 70% interest in and to the Gullewa project by making scheduled payments to Redhill totaling AU$9,000,000 plus 70% of replacement bonds.

Mutiny has paid a total of AU$7,000,000 to date which was paid to Sherwin Iron Ltd on behalf of Redhill. Mutiny has the right to acquire the remaining 30% interest for AU$4,000,000 subject to a 10% net profit interest.

14th August 2011