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Mining/Resource Stocks: Mining company with more gold in the ground than any 2 other companies combined

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  1.  Report Post# 1
    I got an advertising flyer in the mail from The Natural Resource Hunter stating that this company has gold in the ground worth $340 billion as they have been buying up marginal mines that were not productive at low gold prices. Now that gold is rising and will rise more this company can be highly profitable. I did a web search and found the site which is run by Tim Staermose. However, the teaser on the web mentions a Canadian company that gets natural gas from Cuban controled areas. There is no mention of the mining company which I believe could be a good play with any spike in the price of gold.
  2.  Report Post# 2
    Hi, Haven't got time to check the "*2" but this could be Witts/Wits? Gold, in SA, trades on BB as WIWTY. uses phrase "long term option is gold" or similar. Doubled since I last looked at it but didn't buy (early summer). Ah, well, not given the Cuban reference from my memory. Anyway, on their site they do compare themselves with other comapnies with huge holdings, so that might give you a clue.
    • CommentAuthorpooker
    • CommentTimeNov 5th 2007
     Report Post# 3
    The gold company could be Seabridge (SA). Stansberry and Associates has talked a lot about this company, especially its strategy of buying marginal mines from larger gold companies when prices were cheap.

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