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Follow on Google News | Xtremepicks.com: Dgri - We Should Get A 300% Run In DgriDGRI, with gold reserves of 2.8 million ounces and gold trading at about $1,100 an ounce, we are talking about a value here of $3 billion for one DGRI mine.
By: xtremepicks.com DGRI, with gold reserves of 2.8 million ounces and gold trading at about $1,100 an ounce, we are talking about a value here of $3 billion for one DGRI mine. Just last week DGRI hit a high of 0.205 which is a great level for those members who got in on this company. DGRI is a strong player in the game of gold. The company sits at affordable entry levels and the potential for return here is a BUY signal for many investors. No matter how you look at it, this chart looks great to us! FREE news letter at http://www.xtremepicks.com DGRI is testing its levels and looking for a steady spot to make its rise. We are going long on DGRI and think it’s just a matter of time before the rise arrives. Given the unemployment rates, the status of the economy and the US dollar we think the future of gold is a bright one!!! Check out this article…many points covered in this article we’ve already told you about but it has 80 experts offering their insight into the future of this commodity. This is worth taking a closer look at!!! http://www.swissamerica.com/ The Wall Street Journal gives us something to think about "The most bullish news for gold is that the public hasn't gone crazy for it yet. Demand for gold coins and gold funds is certainly higher than it was a few years ago, but we're a long way from speculative mania" Accumulate on DGRI so that when that mania hits you are ready and armed!!! The higher the price of gold the higher the value of DGRI, here is just a taste from the experts!!! CHRISTOPHER WOOD, Equity strategist?"Gold is likely to more than triple from the current level to $3,500 in 2010. It’s the only form of money or credit not contaminated by the credit system - and the fact it’s still money is that central banks still own a lot of it, the global paper currency system will steadily deteriorate, eastern and central Europe will face a full-scale currency collapse, putting huge pressure on western Europe. The US is facing a deflationary collapse more severe than the crash that hobbled Japan’s economy in the 1990s, leaving gold as the only defensive play for investors." -BusIntel, 3-1-09 HOWARD KATZ, Editor, Author "The One-handed Economist"?"The Federal Reserve is lying about the nation’s money supply (M1). The current figure for money supply is being given as $1.6 trillion. The actual number is $2.34 trillion. What then can we project for the gold price at the end of the second upswing of the commodity pendulum? My previous calculation for the price of gold was $3500/oz. It might make sense to take the original $3,500 and multiply it by a factor of 4. This would give a gold price of $14,000." The article ends with 20 reasons to own gold, here are some points we picked out, but if you ask us DGRI is # 1 on our list!!! 1.Practicality: Check out the eyeballs on DGRI…Atlanta Business Chronicle Profiles: Dutch Gold Resources, Inc. "New Gold Rush Lures Atlanta Firm" ATLANTA, GA, Feb 05, 2010 (MARKETWIRE via COMTEX) -- Dutch Gold Resources, Inc. (PINKSHEETS: The article details the growth opportunities for Dutch Gold, their plans to expand, and explains why the move to an expansion plan is both timely, and feasible. Key points discussed include the following: Its most ambitious project is a 1,000-acre site in Montana, called the Basin Gulch project. The Montana mine has "proved and probable" reserves of 2.8 million ounces, CEO Daniel Hollis said. "It could be in the top 5 percent -- in terms of size -- of all gold mines in the United States," Mr. Hollis said. Not only is the Montana mine big in size, it has the potential to be quite profitable. At today's gold prices -- about $1,100 per ounce -- the mine is potentially valued at $3 billion. "Gold is seen as another currency," said Steven Nagourney, a New York-based strategic analyst who follows the gold and commodity markets. "For protection against financial instability and economic instability people are buying gold," said Nagourney. "That's why [the price is] where it is." "Our goal is to create enough mass and profitability that we can become an intermediate- The writer notes, "The desire to muscle up is warranted." Quoting IBIS World, Los Angeles-based industry research firm, "The long-term, high risk nature of exploring for gold, and the resources required to fund it, suggest that gold exploration and therefore production will increasingly become and remain the province of large companies... " The complete article can be downloaded from the Dutch Gold corporate web site at www.DutchGold.com, or can be requested by calling the Company at 404-419-2440. About Dutch Gold Resources: Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company's strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Benton Mine in Oregon comprise the Company's current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. For further information, please contact:?Jason Assad?Dutch Gold Resources, Inc.?(404) 419-2440?www.DutchGold.com Please remember to do your due diligence on DGRI. For more information on DGRI, please join us www.xtremepicks.com # # # Xtremepicks.com team of excellence strives to find undervalued, good momentum stock plays. We provide financial and investor relations services for small to mid-cap stocks with weekly and special newsletters to keep you informed of the latest movers. End
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