Bag Of Gold's Penny Stock Arcade & Emporium...

Hi BoG,

Something funny going on with this stock.

If you look it up on Google Finance you get his: "Focus Gold Corp, Inc., formerly Gold Bag, Inc., is a development-stage company. The Company is in the business of purchasing gold coins and unwanted or broken jewelry directly from the general public. Once the gold coins and precious metals are purchased from the customer, the Company will send the items to a refinery that is able to produce pure gold, silver and other precious metals. In December 2010, the Company acquired Fairfields Gold S.A. de CV."

- But when you look on the website and elsewhere it's a different story.

Anyway, the only reason it caught my attention was the exploration properties in Ireland. Good PM Mining stocks in Euro's are rare.

Which of the following stocks do you rate higher?

VGD

RPM (Rye Patch)

NGM

GGN

GWA

TLR

Guys,

Having done some more reading, it seems that Focus Gold is a scam.

Stay away from this stock!

Have a read thru this presentation. This company hugely undervalued at under 7 million $ market valuation currently attached to the company. Management's main principals are from Rubicon, who spun off Paragon Minerals about 5 years ago.  One only has to look at the success and integrity of RMX to get an idea on the management.

http://www.paragonminerals.com/investors/presentations/

Click on the SEPT 2011 version.

Teck's Mine at Duck's Pond is currently running copper/zinc ore from UNDERGROUND that is valued at an average of about 400$ per tonne.  These latest 2 holes from PGR 27 metres and 18 metres, at shallow depths have values over 560$ per tonne, with terrific precious metals content. These holes are a stone's throw from Duck Pond mine and mill. All can be seen on the maps in the presentation.

The management team looks pretty solid. 

Thanx for the headsup , havent looked too closely at Constantine. Was looking thru the newest Resource World magazine and did  see their name listed in the YUKON plays, and  i see they have a project going there. Wasnt a whole lot of info on it.  I did  see the ad for CEM tho , affiliated with the group that runs Carlin Gold it appears. HG property , adjacent to ATAC`s RAU play, which has certainly excited investors. (ATAC looks a little rich for my taste). I owned ATAC in the .60 range and sold much too early.

Will have a closer look , and see what they have to give them the 21 million $ valuation from the market.

Certainly would be more of a base metals play, but the elevated levels of precious metals in holes 61, 62  and 63 suggest they may be onto a very rich polymetallic system.

Hole 62 had 17 OUNCES SILVER per tonne over that 10.3 metres stretch with over 3 gpt AU. People will forget the monster base metals grades.

That was 1368$ per tonne rock. Shallow, open pittable.

Amazingly that result came out aug 25 and nothing happened. Now they put out a news release of 7 metres with over 10 gpt GOLD in the headline and the stock rockets off. That headline  With HOLE 63 on thursday did also have 1300$ per tonne value tho too, so maybe a bit of a cumulative effect.

At some more PGR this am, actually glad the markets are red and giving me a chance to accumulate lower.

Will continue to accumulate if it drops