Goldbggr Brief: New Carolin Gold Corp. — Friday, March 16, 2012
This is a rare opportunity, in my opinion, for investors please review—do your own due diligence and speak with a qualified person before making any investment decision.
I believe this is a very unique opportunity for investors interested in the long term value potential for gold equities in terms of current conditions and forward currency stability concerns. It's present valuation given the recent P.E.A. done on the gold resource contained in the old Carolin Mine tailings impoundment is highly disconnected from the implied fundamental present value.
"... The money: The Company just closed two private placements for a total of approximately $750k 2. PEA (Preliminary Economic Assessment) of the tailings (see March 14 news release) shows a recoverable 24,000 oz gold-resource providing the company potential cash flow.
The Company is presently awaiting the results from two NI 43-101 resource reports on:
1. the 40,000 metres of drilling done on the Carolin mine (before the advent of the NI 43-101 standard) and;
2. the open pit potential of two separate gold zones"
Read full brief here.