Moderated By: tanoose -- (Not Moderated) -- Started: 3/13/1997 11:44:00 PM Revision History
This company first came to my attention in the Dec/96 issue of Buy Low Sell High, and they were given a four star rating by the editors.After listening to the company's presentation at the PDAC convention in Toronto this week I have come to the conclusion that this company is undervaled at this time, presently trading between the 0.70-0.80/sh range.
They have a property in Boise Idaho The Almaden Project, 700 holes drilled so far with a defined reserve of 900,000-1,100,000 oz/au, with the potential to increase it to 1,500,000.
Also in the heart of the gold rich Fairbanks Mining District/The Golden Summit Project, has multiple targets, each with the potential to host million+ ounce gold deposits.As well, four high grade underground mines on the Golden Summit, the richest in the district, were still in production in 1942 when closed by the War Act, which decreed that mining activity be directed toward tungsten production.Average grade of the mines was 1.3oz/ton, ranging as high as 32oz/ton. Also during their presentation they mentioned recently hitting grades over 40oz/ton.
For more info on ITF go to URL:http://www.info-mine.com or you can call them at 1-800-667-1870.
IMHO:this stock is very undervaled and does appear to have blue sky potential, but don't take my word for it, call them up and ask them yourself!!!
With regards,Frank |
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