Re: Foundation Resources Inc.: Drilling Continues to Hit Gold at the

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Alto Ventures Ltd.: Alto-Wescan Finalize Drill Contract for Mud Lake Project, Beardmore-Geraldton Gold Belt

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SMF069

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Re: Foundation Resources Inc.: Drilling Continues to Hit Gold at the

in response to

Foundation Resources Inc.: Drilling Continues to Hit Gold at the

RockLicker

posted on May 27, 2011 02:49AM

It's very hard to believe that ATV has M&I resources of around 350K oz of gold (and another quarter milion inferred) at Destiny.

When the 43-101 is completed for Coldstream, it's likely well see another million oz or so.

I was a buyer yesterday and am considering dumping other plays that have run to pick up more ATV shares at fire sale prices. This could be as good as it gets, where the bottom of the SP is concerned.