First Gold Exploration Controls a 50% Interest In The 289,890 oz Gold Deposit at Croinor
First Gold Has A Market Capitalization Of $4.7M (April 9/08) Despite Owning 289,890 oz/Gold At Surface (NI 43-101 Compliant)
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First Gold Exploration > Message
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Accumulation

Posted by: QuebecAu on April 17, 2008 03:42PM

Just what we need, a few block trades to kick off the action. No doubt these people understand how undervalued the shares currently are. Here's the basic synopsis:

 

EFG owns 50% of 289,890oz/gold on 43-101; but will be 325,000 soon before production

production will begin this year

no political risk; located in Vald'Or

all we do is ship the ore to 3rd party mill, and voila, we have our asset.

at $900 gold, and with production costs of $450/oz (conservative), the total profit through mine life is $80M +

Only 16M+ shares outstanding; Market Cap of $4M

 

Doesnt make any sense

Time   Price   Shares&;; $ Change   Buyer   Seller
14:52 0.250 31,000 +0.000  CIBC
 TD Securities
13:02 0.250 18,000 +0.000  Canaccord  TD Securities
12:37 0.245 12,000 -0.005  Canaccord  CIBC
12:18 0.245 5,000 -0.005  Canaccord  CIBC
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Executive Address
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Eric LeBoeuf
President & CEO
March 27, 2008

President & CEO Eric LeBoeuf Talks About Developments at the 289,890oz Croinor Gold Project

View Broadcast