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 Journey Resources, jny.v

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jvj



Number of posts : 153
Registration date : 2009-03-12

PostSubject: Journey Resources, jny.v   Tue Jan 05, 2010 11:41 am

It has a float of about 80 million shares. The company is about to start production in January of a 300,000 oz deposit of gold w/ production costs of $100/oz. They look to produce about 20,000 oz. in year. Some of the revenues with be used for exploration of additional oz's as the deposit appears to open at depth. The price per share is at $0.065 bid and $0.07 ask. Looks interesting.
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studbkr



Number of posts : 902
Registration date : 2007-05-24

PostSubject: Re: Journey Resources, jny.v   Wed Jan 06, 2010 5:31 pm

I had some and dumped it at break-even. Do you really believe 20K oz at $100/oz? That margin is several multiples of their market cap!
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jvj



Number of posts : 153
Registration date : 2009-03-12

PostSubject: Re: Journey Resources, jny.v   Wed Jan 06, 2010 9:18 pm

I spoke to some Canadian fellow a couple of weeks ago and he forecasted a price above 10 cents a share. His name is fullhouse101 on Stockhouse. He says anyone interested in talking to him can inbox him. He tells me he made 500,000 Canadian last year on stock trades. Tell him David(Paracelsus) sent you. The price has seen some movement from 6 cents, the price I bought at. It's a good story, and the volume and the market depth show people believing the story. The private placement is soon expected to be announced as closed. And a news release on drill results is expected in Jan. On the other hand I could be an utter fool.
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studbkr



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PostSubject: Re: Journey Resources, jny.v   Wed Jan 06, 2010 10:08 pm

Thanks for the info...before I contact him, where did you hear about January production? I looked at the web site and all I see is drilling and diluting! ...same guy? (I may even get off my arse and call the company )
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jvj



Number of posts : 153
Registration date : 2009-03-12

PostSubject: Re: Journey Resources, jny.v   Thu Jan 07, 2010 2:46 pm

Look for Charay Gold Property as the topic. Here's the link:

http://miningmarketwatch.net/jny.htm

Mining Market Watch is some sort of promotions site. So you take your chances.
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studbkr



Number of posts : 902
Registration date : 2007-05-24

PostSubject: Re: Journey Resources, jny.v   Sat Jan 09, 2010 11:50 pm

Good interview...thanks! (bulk sample is not quite "production" but it's encouraging for a small market cap company)
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jvj



Number of posts : 153
Registration date : 2009-03-12

PostSubject: Re: Journey Resources, jny.v   Mon Jan 11, 2010 12:05 am

studbkr wrote:
Good interview...thanks! (bulk sample is not quite "production" but it's encouraging for a small market cap company)

I get excitable. Smile
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