If comments at the London Bullion Market Association’s annual conference in Mumbai are anything to go by, the outlook for gold is very positive.
Alan Heap, managing director of Citigroup Investment Research, said in Mumbai that the true super cycle for gold hasn’t even begun yet, and expected the precious metal to average $850/oz in 2007 and possibly $1,000/oz next year.
Gold Fields Mineral Services said it sees gold back at $850/oz by the end of the year, while the World Gold Council told the conference that demand for gold would be strong through 2007 as a whole.
Dutch Gold Resources! Link here to view the images of the Benton mine.
DGRI has issued public guidance indicating that The Company has made a new, meaningful find in a completely untapped area of the Benton Mine.
DGRI is leveraging the expanded capabilities of the Hagby equipment and is now actively drilling previously unexplored acreage within the Benton Mine, farther and faster than previous efforts.
Dutch Gold Resources published reserves can be reviewed here in their most recent SEC Filings.
Benton Mine
Source: Dutch Gold Resources
Dutch Gold Resources, Inc. 3500 Lenox Road
Suite 1500
Atlanta, GA 30326
Phone: (404) 419-2440
Email: info@dutchgoldresources.com
Website: www.dutchgoldresources.com
Investor Relations: David K. Waldman / Klea K. Theoharis
Crescendo Communications, LLC
(212) 671-1020
About Dutch Gold Resources, Inc.: In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company’s strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in southwestern Oregon, consisting of the Benton and Gold Bug Mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production. Please visit the Company’s website for additional information at: www.dutchgoldresources.com.
Certain statements in this release, and other written or oral statements made by the company, including the use of the words “expect,” “anticipate,” “estimate,” “project,” “forecast,” “outlook,” “target,” “objective,” “plan,” “goal,” “pursue,” “on track,” and similar expressions, are “forward-looking statements” and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements.
Disclosure: Pentony Enterprises LLC has been compensated $60,000 from a non-controlling third party for coverage. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
Disclosure: StockGuru.com is owned and operated by Pentony Enterprises LLC,9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com.