on HC Gold Thread ...... what could I say ........ so thought Id better repost in here since its about Santa's toy factory. U know, give me an inch.
The scary stuff of course is that I BELIEVE IT haha.
I hope the boys really get crackin on the Galahad and other databases pronto so we can really have some steak to bite on here. This aint a daytrade, serious and patient extreme sport bargain hunters only here IMO haha. Oh such a fool and his money am I (?) .......(?)
If I m asked my fave global PALLADIUM Play , guess what. Imagine a POPd USD 5-600 / oz coming up as some serious precious gurus call. Leave that for later and once we find what else in the pgms mix to give total paydirt value.
Lets focus on that 6 mill ozs Gold starter project first .... if indeed thats how they will play it.
IMBOOC
Subject: re: gold plays
Stock Code: GOLD - Gold Metal Au 79
Posted: 15/07/07 00:54 Hotcopper Radio: GOLD on BoardRoom Radio
Posted By: olympian Views: 108
Post #: 351484 (In Reply to msg #351355 from scorcer) Sentiment: LT Buy
IP: 87.101.xxx.xxx Voluntary Disclosure: Stock Held
Santa' toy factory is gonna prove to be the Skaergaard deposit in Greenland ........ ELEVEN million ounces GOLD (thought Id spell it out in case u thought I made a slip on the typo) .... together with 35 mill ozs Palladium and 4 million ozs Platinum with lotsa Vanadium / Titanium credits.
By the grace of Zeus or thru sheer theft or damn good luck, it is now 100% in the hands of PGM ..... listed last year, now 37 million shares F/D, market cap around 25 mill bucks, cash 7 mill bucks.
Directors and close friends own more than half with private placement to THEM ONLY at 70c recently to raise 3 mill bucks ......... they paid 350% more than last years IPO price 20c. Skaergaard was picked up AFTER the IPO ...... which was an ent issue to HLX shareholders, 400 only of which took it up at the time and gave the spread.
This baby is as TIGHT AS I wont say, price back around recent placement price, and IMO now techno-set to launch into deep space.
PGM has several advanced pgms plays in Oz which is cause for additional excitement but personally, am ONLY focusing on the coming realities (IMO) of a 6 mill ozs Au / 2 mill ozs Pd core -starter project (16% of the ore-body) at Skaergaard, for which previous owners Galahad Gold PLC did a scoping study coupla years back and almost gave it a go based POAu 400 and POPd 180, before being advised by corporate advisors to drop it in favour of a large Molybdenum project also in Greenland ........ and now also a U JV ....... Zeus be praised again and again for this move ! ....... tho Id be suing them if I was a shareholder haha.
If u research the PGM thread which is now the arena for my increasing excitement on what would have to be the greatest golden show on earth about to unfold (IMO), u will see bits outa Galahad's reporting showing prelim numbers for the Skaergaard project and inc est MINING COSTS showing how close IMO they were then to critical mass.
PGM have just assigned a project manager to progress Skaergaard and tell us how close to critical mass this beauty is cf to Galahad's L/T project pricing ....Galahad was musing about a 10 year starter project producing annually 600,000 ozs Gold / 200,000 ozs Palladium !!!
I dont know about u guys but I aint NEVER played a baby like this before ......... 50 mill ozs precious metals inferred for 37 mill F/D shares .......... we are talking EV in 1.3 OZS PER SHARE here haha ....... or 10,000 shares gets u title to 13,000 ozs precious metals IG !!!
Thats better than a call option cos it dont even have a time component attached.
Check out the PGM thread for my further ramblings on this. I was soaking these up last year at sub 20c IPO/cash ps on their Ozzie projects and one day later woke up to realise Santa is actually alive and living in Greenland !
Check google too for Galahad Gold and Skaergaard ..... lotsa good pix indicating to me it wouldnt be too hard to get a concentrates plant going there if the numbers are right ...... its on the coast.
And Uncle Alf saying we are set for golden days aint gonna hurt one bit. Might already be past critical mass (?)
Well u did ask haha .........
IMBOOC
PS also like EXM for a local play set to fly on technos supported by good FA IMO ...... but only talking mere mid-term multiples there. Im looking for orders of magnitude for PGM L/T if they are smart enough.
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