in GOLD thread so am giving them mine.What a wonderful report...

in GOLD thread so am giving them mine.

What a wonderful report today !!!!!!!!!!



todays report is self-explanatory
Forum: ASX - By Stock (Back)
Code: GOLD - GOLD METAL AU 79 (Google GOLD) dock
Line 1
Forum:
Code: GOLD - GOLD METAL AU 79Google GOLD) dock

11/08/09 10:29 (View) Back Post Reply (0)
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olympian
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To view the full post without scrolling please use the full width view or single post view. http://imagesignal.comsec.com.au/asxdata/20090811/pdf/00976401.pdf

This is why PGM remains my # 1 goldco by miles at 15 mill market cap atm

"A" wave went from 16c to 1.87

"B" retrace complete

Looks to me we are at beginning of its "C"

Fundamentals

NPV = 0.1 ozs per tonne GOLD SO FAR in the golden core section of Skaergaard deposit which overall also contains about 40 mill ozs palladium plus some Platinum

What this report confirms is that we are probably talking much higher Gold + pgms resource at likely Higher average Au grades than previously thought which ALREADY showed a robust project capability for the golden core section,

PGM have pegged out all the likely surrounds sionce.

First time tho we see news re its SIMPLE RECOVERY capability to form a concentrate ....... probably for shipping to nearby Iceland or something for processing (?)

Last year Kaplan / Panthera palladium paid 55c for a 20% stake. I believe Panthera is the worlds #1 primary Palladium producer. Skaergaard is a monster Palladium resource ... BUT IMO the real $$$$ are going to be made from the GOLD ZONE ........

We might be talking 10 mill ozs "easy" GOLD here in which case would make this a GLOBAL ACQUISITION TARGET IMO.

GRD Mionproc study completes in September.

Reckon the global majors are looking closely.

Dont know about u guys but I continue to accumulate for core.

IMBOOC ... and getting more biased by the minute.