Owns 30% of the Spanish Mountain deposit and Skygold Ventures (SKV-X) owns the other 70%. Thinks there is about 1.5 million oz. of gold. Hoping they can move it up to 2 million and there is potential for even more. Has tremendous leverage to the gold price. Very speculative.
Has been disappointing over the last 12 months because of the rate they were releasing drill results. Has also suffered because of the credit markets. This is his leveraged speculation on the gold price going up. In a good jurisdiction and has good infrastructure. Low grade, which means it's very leveraged to gold. He is still optimistic that this will turn into a winner.
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