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Message: Re: Big Day for LODE

Dec 29, 2010 03:29PM
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Dec 30, 2010 10:46AM
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Jan 04, 2011 12:38PM

Jan 04, 2011 01:34PM
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Jan 05, 2011 04:43PM

Jan 06, 2011 03:25PM

Looks like the company is informing the people of Virginia City of their plans.

Notice in the article Corrado states their goal is to validate 3-5M oz of gold. This is up from their previous goal of 3M by 2013. If we are producing 20K oz gold a year we are looking at around 12-15M in profit per year to start at the current price of gold and silver. Throw in the exploration potential and you've got your self a home run of a stock choice. The run up when they do announce production will be very similar to the run up in 08 when production plans were announced. Unfortunately they were not able to achieve production that year because of the market melt down and the capital markets drying up. Now they have 30M dollars to reach their goal and I'm betting this is the year. I'm also betting that they receive a buyout offer by years end in the range of 7B dollars, just my guess ;-).

http://virginiacitynews.com/index1.htm


Jan 20, 2011 09:44AM
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