Heritage Gold HGD
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     airedale
Member
Username: airedale
Post Number: 15
Registered: 11-2003Rating: N/A
Votes: 0
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| | Sunday, January 18, 2004 - 04:58 pm: |  
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Hi Barrel Scraper, I havn't been following HGD, but I see now that like most gold stocks it has risen in the last year. Do you have any info on it.
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barrel_scraper
Member
Username: barrel_scraper
Post Number: 9
Registered: 12-2003Rating: N/A
Votes: 0
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| | Monday, January 19, 2004 - 08:24 pm: |
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hey there AD
While not a gold guru, or a mining guru for that matter, I think HGD can only have an upside..the only info I have has been based on market reports... you can get all these from
http://www.heritagegold.co.nz/
I started watching this company at 4.5cps, when there seemed to be only positive reports on gold findings in their prospecting area..at that time - the share price hadn't appreciated and I thought it must come soon - how far the increase would be best estimated by someone with more knowledge than I.
HGD has a goldmine (amongst others)over the fence from a producing mine owned by another company (Newmont Mining I think), Newmont mining is winding down its operations and its production facilities are reported to be running at 25% capacity in two years time, HGD has already indicated it would like to utilise these facilities - indicating to me - that HGD should see profit level increases accordingly.
How much ? that is the big question . If Newmont could make money from their mine - of which the gold seam has been proven to continue 800m across the fence in HGD territory - then HGD should be able to do the same - HGD has other unmined interests that also hold value.
hope this helps.
best regards
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