Greka Engineer. Share Discussion Threads

[stu31] 08/10/2010 19:35

picked up another 10k here. The prospects are outstanding and at least Newmont have realised that even if the market has not..as yet

[stu31] 07/10/2010 19:35

How does the market cap here compare with the tiddlers on AIM..for instance GGP which this morning briefly had a market cap of £9m with these results: The highest result returned was 0.7m at 0.44g/t gold.

[stu31] 07/10/2010 18:56

website: hxxp://www.glassearthlimited.com/

Dual-listed Glass Earth Gold Limited (Toronto: TSX-V:GEL / New Zealand: NZAX:GEL)
is a gold exploration company, focused on the discovery and development of gold
opportunities in New Zealand. Glass Earth holds the largest on-shore gold exploration and prospecting permit portfolio in New Zealand (~12,000km2).

81.9m shares in issue. 113m fully diluted
Market cap C$16m (£10m) at 20c
Cash C$1.5m (Jul 12)

Projects:

1) Small placer gold production of 3600oz/year (avg 70oz per week - Nov 2102) rising to 7000oz by mid 2013? Operating costs US$850. Resource of 24,000 Au = 4 years of production resourced. Potential for high grade deep deposits (50-250k oz) Annual profit est. 3600x$850 = $3m (at $1700 Au)

2) WKP gold-silver prospect: JV with Newmont Mining (GEL 35%) 5500m drill program started April 2012
4 zones; Central, West, East and EG Zone
WKP 24 156 m @ 1.6 g/t Au, including 1.6 m of 30.2 g/t Au and 13.8 m of 6.6 g/t Au.
WKP 25 15 m @ 9.3 g/t Au, including 1.8 m of 61.4 g/t Au.
WKP 26 178 m at 1.05 g/t Au and 3.0 g/t Ag; including a higher grade zone of 64 m @ 2.0 g/t Au and 2.6 g/t Au.
WKP 27 1.4 m @ 30.7 g/t Au and 77.7 g/t Ag within
152.4m @ 1.16 g/t Au and 2.22 g/t Ag.
WKP 28 49m @ 1.08 g/t Au and 3.32 g/t Ag.
WKP 29 3.2m @ 37.0 g/t Au and 17.0 g/t Ag plus 14.8m @ 4.82 g/t Au
WKP 30 9m at 3.2 g/t Au and 2.6 g/t Ag
WKP 31 9.7m at 17.2 g/t Au and 24.2 g/t Ag
WKP 32A 0.5 m @ 61.3 g/t Au and 19.4 g/t Ag within a halo of 111m @ 0.6 g/t Au and 1.8 g/t Ag.
WKP 33 8.2m @ 6.6 g/t Au and 2.7 g/t Ag
WKP 34 Central zone - Results pending
WKP 35 7.9m @ 5.1 g/t Au and 12.1g/t Ag
WKP 36 E&C zone - Results pending
WKP 37 EG South of 35 - Now drilling (Nov 12)

3) Neavesville prospect (immediately north of the WKP prospect)

3.2 million tonnes averaging 2.7 g/t gold and 8.9 g/t silver, containing
289,000 ounces of gold and 944,000 ounces of silver near surface;

0.47 million tonnes averaging 7.1 g/t gold and 20.7 g/t silver
containing 107,000 ounces of gold and 312,000 ounces of silver
underground;

4) Muirs Reef: 226,000oz @ 1.25g/t (0-75m only)(GEL 100%) Hauraki mining
Trucking options being considered

5) Garibaldi (new discovery April 12)

Major Shareholders:

Trapeze Asset Management
Woolwhich International Holdings Limited
Sprott Asset Management
Auriferous Mining Limited
Morgan Stanley.
Gold 2000
Galena

Latest presentations



hxxp://www.glassearthgold.com/i/presentations/GEGL_IR-Tour_Nov2012.pdf

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