good deal or bad deal, page-15

Hi all,

Doing a little more digging around and I am feeling a little more comfortable with the merger, clearly there is going to be some money to spend; however, with gold grades as reported here there appears a great opportunity for UML to move into the mid-tier gold producer league.

The latest results include shallow intercepts from both of the holes drilled at Ruby, including 2m @ 12.3g/t Au from 62m and 5m @ 6.77g/t Au from 43m, and have extended the mineralization at Ruby Lode along strike and at depth. The latest results are located 20m east of a previous intercept of 5m @ 10.8g/t.

http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=159273&sn=Detail&pid=102055

http://www.menafn.com/menafn/1093563674/Cortona-Resources-extends-Dargues-Reef-high-grade-gold-mineralisation


The following Forbes article by Ralph Benko was brought to my attention by Mr Bill Buckler of the Privateer and I though others here may find it as interesting as I did. I must put Faust on my to do list when I get back to the UK.

http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-standard-are-emerging-from-germany/

It would be nice to be well on the way to being a solid gold producer over the next twelve to eighteen months, in time to meet my projected $3,000.00 / $3,500.00 per ounce price target.

BTW I think that price not outlandish given Uncle Ben “Buzz Light-year” monetary strategy of QE “to Infinity and Beyond.” The BOE, Japanese, Chinese printing out of fresh air and only Germany holding back Uncle Super Mario from printing into infinity in Europe.

My personal philosophy is to hold physical Gold and to a lesser extent Silver outside of the paper banking industry as I put little faith in governments, central banks and all paper claims to Gold. This foray into UML will be interesting to watch, I hope my confidence in the management to proceed in a decisively and expeditious manner is ultimately deserved and rewarded.

For now I will remain positive in Gold at least for as long as Uncle Ben continues his futile antics and zero interest rate policy stated to last through until 2015 at least. I can then reassess.

Cheers and good luck to all and very best regards: Andy