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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

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geoglow

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Mr. Market says...

posted on Oct 15, 08 07:39AM

this company is not worth the cost of it's debt. Hard to believe, isn't it? But that's the message. In other words, if you paid today's price for the company (roughly zero dollars) you would also own the debt, and no buyer out there thinks that Big Chunk and North Pipes are worth a combined 3 million dollars (give or take a few hundred thousand) that the cost of the debt and the current purchase price of about zero add up to.

I find that really surprising, but that's the message the market is giving us.

When you think back on what Xstate paid to JV just a few of the North Pipes targets I don't feel so bad about having made the investment. After all, the Xstate folks are far savvier investors than I am and they bought, and paid quite a high price (higher than I did).

Anyway, just try to make myself feel a little better about having lost everything I put into this one stock.

And if any of you care to post that we still might get a drill report from Xstate and Big Chunk could still be JV'd, picture me in front of my computer rolling my eyes...

GEO

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