Momentum Play ~FOYJ
Good Evening Traders, We have mentioned Gold Play FOYJ a few times on twitter over the past week, we now like it here as a bounce play. FOYJ ran from .001 to .0024 on a shareholder letter and “Rich Concession” news last week and has since settled in the low .001?s. It’s now due from another run.
“Over 80% of all worlds gold production comes from the Oregony period geological formation. Such formations are found, not only in Africa but in California, Nevada, Canada, Europe, Middle East, Eurasia and South America.
The Company plans to invest between $1.5m -$5m to develop a comprehensive operation of geological exploration. Companies’ prospection program will aim to sample 5000m3 per day of gravel through the use of pilot-hydraulic dredging. Through the use of suction dredges on the river and pitting down to 10 meters on the gold fields and banks; the current concessions studies average grade of one (1) gram of gold per metric cube (M3) of gravel. Our revenues per month are based on $1,650.00 per ounce of gold, with an operational cost between $250.00 and $350.00 per ounce of gold produced. The future and immediate goals will be expansion of concessions and an intensive exploration program with the prospect of discovery of potential large gold, diamond, rare earth element and iron ore deposits.
Our operation will produce initially approximately 100 ounces per day. Based on 100 ounces of production a day, our gross revenues per month based on a $1,650.00 gold price would be approximately $5,000,000 per month.”
Foy-Johnston through its wholly owned subsidiary Cameroon Mines is involved in enhancing exploration and mining assets through diligent application of technical and commercial expertise for the benefit of all stakeholders of Foy-Johnston in an efficient and environmentally responsible manner. Cameroon Mines is a mining explorer and producer committed to developing strategic mining exploration and project opportunities in Gold, Precious gems, Rare Earth Metals and Platinum Group Metals. The Company has assembled an experienced group of individuals with broad local and international industry knowledge, where it will assist to build shareholder value and help fast-track the development of its accumulated assets. Cameroon Mines will also secure the participation and support of key strategic partners globally, who can provide tangible benefits towards achieving the Company’s goals. The Company has already acquired a portfolio of Gold and Diamond exploration tenements in key mineral regions of Cameroon and Central African Republic. Our website is www.cammines.com
VIDEO CHART
http://bestdamnpennies.com/stock-plays.html
Why Own Gold: Determining Factors
Adjust for inflation the gold price is still well below its historical high!
For 5000 years gold’s legacy has been one of wealth protection, and never has that been more evident than it is in today’s volatile markets. In just its infant stages, the gold bull market appears set to attain record highs. Experts believe it and these are the . . .
. . . 5 Reasons Gold Could Climb to $2200 an Ounce and Beyond!!
It Starts with Debt and Inflation!
To combat the growing credit crisis the Fed has created billions of dollars in cash, right out of thin air! You might say, they’ve started to blow up the inflation bubble. And because gold, throughout history, is recognized as one of the best hedges against inflation, even respected analysts are now predicting gold to rise above $1500/oz. – 60% higher than where it trades at today.
Skyrocketing Demand and the China Factor
Worldwide gold demand is skyrocketing. China’s demand alone was up 26% in 2007, taking over the U.S. as number two consumer in the world. Soon, they’re expected to overtake India at the number one position. Hong Kong demand is also up 15%, Saudi Arabia 15%, Egypt 12%, UAE 7% and to top it off Russian demand hit an annual record up 11%. This is a strong indicator the worldwide gold bull market is starting to rev up and move on into 2009 and beyond.
Shrinking Supply
Finally! You can’t talk rising demand without considering the supply side of things. Gold production has fallen by a staggering 110.7 million ounces since 2007. Global mining production has fallen to its lowest levels in 86 years. You don?t have to be an economist to know when rising demand meets shrinking supply, there’s only one way for prices to go ? UP!
Easy to Buy and Easy to Sell
At thousands of locations around the globe, gold coins are as easy to buy as they are to sell. In fact, contrary to popular belief, gold can be more liquid than stocks or even bonds. For more information, call 1-800-965-0580 to speak with one of our experienced advisors.
The Investment That?s Never Been Worth Zero!!
Throughout history, gold has a one of a kind track record ? It?s never been worth zero , at any time, in any economy. It’s that kind of certainty in this uncertain economy that has so much money, globally, chasing a fixed supply of gold.
Gold is very popular as an investment and one of the best ways to counter debt and inflation is to own gold. The intrinsic value of gold is easy to maintain and will never be lost even if the paper currency loses its value. This precious metal is a coveted asset mainly because of its durability and aesthetic value. As the demand for gold is high, the cost of gold has increased tremendously. Today gold can be purchased in the form of paper like an ETF or in its physical form such as coins, bars, and jewelry. The price of gold stands at $57.91 today for 1 gram of the metal.
Why Own Gold: Advantages of Buying Gold
- The demand for gold is always high. It can survive decades and generations without any concern about its future desirability.
- Owning gold as an investment can protect you from a loss in the value of currencies or inflation.
- Gold helps you to add variety to your investment portfolio.
- This precious metal helps you to safeguard wealth over longer periods of time.
- Gold is easy to transport, convenient to hide, and a great backup plan when you suffer huge losses in other financial spheres.
FOYJ CHART
RECENT HEADLINES
Thursday, January 31, 2013
- Foy-Johnston Secures Rich Concession in Cameroon PR Newswire (Thu, Jan 31)
Wednesday, January 30, 2013
- Foy-Johnston Issues Letter to Shareholders PR Newswire (Wed, Jan 30)
Wednesday, December 5, 2012
- FOY-JOHNSTON, INC. Financials EDGAR Online Financials (Wed, Dec 5)
