Charles Oliver, HBSc CFA Guyana Goldfields Inc. GUY-T WATCH Sep 17, 2013

Costs are in the order of $6.50-$7.50. It looks like it is going to work.

Gold is an interesting subject these days, because it has sort of fallen back into its old pattern. The market sells off and the golds go up. It’s the go to place if you are concerned about currencies or markets in general. It is really a trading vehicle, not a “buy and hold”. If you are really very negative on the market and the potential of some slowdown in the economic side, some of them, particularly the juniors, have a fair amount of upside potential. From a chart standpoint, the golds have not been looking that badly.

A few years ago, he was not keen on northern South America, because of infrastructure issues. Geologically it is very similar to West Africa. You’ve got West Africa geology in these greenstone belts, but you are in south America. Time zone wise it really is attractive to some North American companies. People are looking a little bit harder at northern South America. This company’s open pit grades are 1.5-2 grams, and it makes money. They’re are also looking at going underground. He is interested in this area from an exploration point of view.

They’ve been really, really good implementers. He would like to see some operating results. However, every surprise that they have delivered to investors in the last 5-6 years, have been good ones.

Gold as a sector he likes. He likes this stock’s recent action where it is heading back up over $5. The chart shows no weakness for it to get up to $9. He would be a buyer of this.