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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Re: Accumulation

Posted by: filbert on April 18, 2008 01:56PM

In response to: Accumulation by QuebecAu

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

QuebecAu, what appears to make alot of sense makes no sense to me, if you know what I'm saying. By all accounts, the market should be scooping it up at these levels but hasn't en masse yet. Very puzzling. I already bought half position and am waiting for a bit of momentum .

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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