CHEAP CHEAP CHEAP gold/silver deposit in Canada
posted on 12/10/2009 12:28:31 AM | 3478 reads
| Post #97355
It appears that during the current Gold/ and Silver craze several TSX-V listed firms have purposfully decided to take adavantage of last years economic crisis to try and take some very very good gold/silver deposits private via going underground on reporting and also in building debt.
One play is Tagish Lake Gold. This company has been taken over by a Chinese controlled firm and these guys are trying to take the company into private hands while keeping quiet on the merits of the companies propertties.
The company owns a Distirict of mining claims in the Yukon. Part of these claims contain a deposit that has proven resources of 500K ounces of gold and 7M of silver. It has also had a feasibility study on this deposit that suggest a very profitable mine can be put in place very quick
The company has kicked out all it directors and management and replaced them with a group dedicated to the Chinese investment group. Now they are looking to take it private on the cheap.
However there appears to be a white knight on the fronteer. The last weeks trading suggests a battle for loose stock. TLG has been a volume leader over the week and has seen 50% appreciation with many orders being filled on the ask.
I believe a take over offer is in the work for TLg. It's property is too rich to be worth only $3M which is the MC for TLG. I believe that the current manaegement will be called to task and a major gold company will make run for this gold/silver deposit which is open for expansion, as well as other deposits on the companies Mineral DISTRICT.
I loaded up at $.02-.03.....and I hope to see a bidding war erupt soon.
Take a look Sedar at this companies properties and also feel free to phone the Yukon Mines Branch for their opinion on the ground. They also believe it will be a mine soon.
Do your own DD.