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SGCP..Gold mining company in W. AfricaSGCP..Gold mining company in W. Africa
xheiser said: "Since gold prices are at record highs and talks of recession escalating more and more as the trading days progress, wouldn't this be a great stock to own for its 52 week ridiclious low of $.0115. An article about this stock reads..
"Sierra Gold Corporation (Other OTC:SGCP.PK - News) has just received reports for its first set of samples from a new gold bearing hard rock formation in Sierra Leone. The new zone is narrow but runs for a number of miles in each strike direction. Five pounds of samples collected were processed using local methods. The gold grades were approximately 80 grams per ton (more than 2.5 ounces per ton). A second set of samples is presently being tested with results expected shortly."
I think this would be a good short term stock as well on the anticipation of a good second report of the gold grade(80 g/t isnt too shabby) when the company is only worth 1 mill in market cap, and the short sellers have no more room to run. Thanks."
xheiser said: ""Sierra Gold Corporation (Pink Sheets:SGCP) has just received in Canada samples from the new gold bearing hard rock formation in Sierra Leone. The company will deposit the samples today for analysis with SGS Laboratories located in Toronto in order to verify the gold grades that were reported from samples processed using local methods in Sierra Leone. Both sets of samples, five pounds and seven pounds respectively, had gold grades over 80 grams per ton (more than 2.5 ounces per ton). [U]Sierra Gold expects to validate these numbers by having an internationally respected laboratory facility test the new material.[/U] "
Expect higher publicity in this company with gold on the rise and what is underlined above. Catch the money train before it leaves you in the dust :th_dblthumb2:"
lil dickie said: ""Catch the money train"....LOL. Give it a rest. :flipoff:"
Rbreb13 said: "[QUOTE=lil dickie]"Catch the money train"....LOL. Give it a rest. :flipoff:[/QUOTE]The "money train" seems to be on a very long downhill run! LOL :roll:"
lil dickie said: "The Money Train seems to have jumped track....killing all passengers onboard! Wooot woot. :th_dblthumb2:"