Yep spot on.The announcement has been out for 1 hour 58 mins....

Yep spot on.

The announcement has been out for 1 hour 58 mins. Lucky buyers today (including me)....if you're prepared to hold till say mid next week even for the day traders....I reckon we are about to see a live re-rating.

Why? This area has already produced 1 million ounces of gold.

At todays prices, thats $1 billion bucks.

and the company says its likely to triple that estimate.

$3 billion! Minus costs. Add in the silver (3 million ounces)...I cant see this being under 10c by the end of next week.

Once we break the 52 week high, it will probably do it this arvo....then we are on the way imo. Its got to taste its freedom after breaking the 4c range and if let run, I'd say we'll get a serious re-rating.

The other thing is volume wise, its almost in the Top 20 shares for highest volume which if it closes in it today is goign to get a lot more notice over the weekend from volume spike watchers.

Good luck all and if in doubt....click here.



Projects - Talisman Mine


Waihi - New Zealands Heart of Gold

Waihi & Gold

Our roots go deep. Few parts of New Zealand can offer so much history - glimpses of the hard-fought, gold-rich, pioneer lifestyle permeate the town. Step back in time, and wander through years past in today's friendly atmosphere.

GOLD FEVER
It was the lure of gold that brought people to Waihi in numbers. In 1878 gold-bearing quartz was found on Pukewa spur, a Maori burial ground which soon became the famous Martha Mine. Tents and crude huts were gradually replaced with today's still visible miners' cottages.

By 1908, Waihi was the fastest growing town in the Auckland Province with a population three times that of Hamilton. Miners took their families to Hamilton on long weekends to escape the bustle of Waihi. The mighty Martha Mine became one of the most important gold and silver mines in the world. By 1952, when it closed, around 5.6 million ounces (174,160kg) of gold and 38.4 million ounces (1,193,180kg) of silver had been produced from some 12 million tonnes of ore. At today's bullionprices (April 2000) of NZ$550 per oz for gold and NZ$10 per oz forsilver, that's a value of $NZ 3.1 billion for gold and $NZ 384 million for silver.

Their claim was taken over by William Nicholl in 1879. He pegged out five acres, named the claim 'Martha' after a family member, and later a few small claims amalgamated to form the Martha Company. By 1882 the first battery was in operation.

http://www.waihi.org.nz/about-us/history-and-heritage/waihi-and-gold/1.aspx