Re: Christmas Cheer
in response to
by
posted on
Nov 03, 2007 11:24AM
15 Gold properties & 1 Molybdenum resource - Beardmore & Geraldton, N/W Ontario.
Go to Roxmark web site http://roxmark.com/
and check out the banner scrolling at the top,,,,,,that banner gives all current news and plans
Monir told me that the 43-101 should be out by December,,,they are working on it. The numbers should be close to the historical reports,,,as that was the point of this 43-101,,,to confirm the historical report.
Now for what I'm about to say,,,it is pure speculation on my part. If all goes as planned,,,,and the report comes out,,,,Renmark push along with POG staying above 800.00 an ounce,,,,and PG favorable news,,,then if these things occur(and they should IMO),,,then I would go as far as saying that we should be trading @ .75 cents a share,,,,,and if this is the case,,,,I think we may hear that the management may decide to go into production.
I put those ifs in there because to go into production,,,we would need to raise some cash for bringing the mine up to safety standards,,,new headframe,,,ect. I know they did some bulk mining,,,but that was an exploration mining permit. The mill is fully permitted,,,and from what Monir told me,,,it would cost about 5 million dollars to get the mine up to speed. That's nothing in this business. I think they have been waiting for gold to do just what it's done the last month,,,,,surge.
I think we'll see 850.00 an ounce as the new bottom for gold....