http://www.dailystar.com.lb/Business/Middle-East/2012/Jun-23/177856-batista-to-sell-$2-bln-stake-in-gold-venture-to-qatar.ashx#axzz1yZviRBfr
http://en.wikipedia.org/wiki/Qatar_Investment_Authority
Here we see Qatar buying directly into a gold mining company that may secure a gold reserve for them.So, it appears to me that you are now seeing other countries securing gold resources via the miners themselves, or in other words, they can,t wait til it gets out of the ground to buy it, they are going to the source. Some quick math would suggest that Qatar is paying $600 per ounce for gold that is not out of the ground yet but is classed as reserves. I wonder how much a country would be willing to pay us per ounce gold in the ground estimated to secure gold for their future? We saw in the Pro Active article that stated Gluckenstein this;
"In mid 2010 Glukstein Silverspoon estimated the resource potential of the Tesoro Gold Project at 5 million ounces, and included the C1 Vein at 2.519 million ounces of gold, at a very high grade of 29 grams per ton, which is triple the grade of many economic underground mines."
http://www.proactiveinvestors.com/companies/news/13267/st-elias-mines-titan-3d-survey-spots-big-targets-at-tesoro-gold-project-13267.html
So, I guess the $100 per ounce gold in the ground for us should be a reasonable price, and from the above statement, the C-1 vein alone could be worth $250 million or ~ $2 per share. And here we sit at .20 per share, well well well well well. I wonder how much our other 50 some veins would be worth?
IMO
