Gold & Diamonds

Exploration & discovery in Tanzania & Mexico

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Message: Gold estimate

This play is much more than a half million ounces of gold. I am not sure if we are near 5M ounces but my hunch would be somewhere between 3-5M. They have about 125M in the bank and short term securities so with their current burn rate of 24M per year, they have about 5 years worth of money...that is big. They already have a few serious deposits that are open to expansion with something like 9 drills going. This stock crashed hard for a variety of reasons but I think the reversal is in and we are going to see huge gains in the next few months. This is a big buy right now IMO with institutions stepping in the last 2 days since the bottom.

Glorieux

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