$NGHI Could Be The Dean’s Golden Goose!
August 30th, 2009 at 8:00 am Posted by The Dean
$BONU has proved to be liquid gold but $NGHI is actually dealing with the real thing. The Dean thinks $NGHI is exploring golden opportunities during one of the biggest and most exciting gold rushes the United States has ever seen.
As of the end of the second quarter this year, gold was up 46%. Over the past 8 years, gold is up 250%. That puts the DEMAND for gold around $21.3 billion for 2009 and makes $NGHI a financially attractive pick.
Forbes.com has reported that gold exploration companies beat estimates by more than 10% last year. The Dean believes these are all signs that gold is not only growing but it’s glowing red hot beyond economists’ expectations.
The Forbes article on the gold mining industry also suggestions that gold companies around the world are looking to maximize production in these GOLDEN times and The Dean thinks that $NGHI has great potential to find and catch the coveted golden goose.
$NGHI is operating solely in Nevada which is the number one gold producing state in the country. Nevada mines produced 7 million ounces or $6.7 billion of gold in 2008—an 17% increase from 2007.
$NGHI and President/CEO and lead explorer Dave Matthewson has leased the Tempo prospect which is estimated to have at least 80 million or roughly $76 billion in gold reserves. $NGHI‘s Tempo prospect covers 2920 acres of gold rich land—that’s 4.6 sq. miles of golden possibilities.
With 35 years in the gold exploration industry, Matthewson thinks that $NGHI could haul at least 1 million ounces of gold from the Tempo location alone. Seeing that $NGHI stands to make about $120 per ounce, this location could bring in revenues of $120 million.
Matthewson, who is also a geologist, thinks that $NGHI‘s 5 properties have some of the best soil compositions that he has ever seen which could mean a GREAT recipe for The Dean’s HOT commodity.
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Right on dean !!
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