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« Dow Jones Gold Ratio | Main | Bema Gold Mining Corp »
Tuesday
Jun202006

Silverado Gold Mines Ltd

Silveradogold
SILVERADO GOLD MINES LTD

Silverado is small cap gold exploration company with focus on their Nolan Gold project in Fairbanks, Alaska.

The Nolan Gold project contains a variety of high-class gold nuggets. In fact, 98% of the gold recovered is of jewellery quality. Therefore Silverado have been gaining an average premium of 67% on their gold sales. Therefore their gold is currently selling for around $1000/oz. This means that if gold prices go up $100, Silverado’s gold is worth $167 more. This means that they benefit more from rising gold prices and are protected from any possible decrease in the gold price as they will still receive the high quality premium.

Another interesting spin to this company is that they are currently working on a coal-based alternative fuel. This environmentally friendly fuel would act a replace for oil. Oil reserves are rapidly disappearing, however the USA has over 200 years worth of coal.

This is a good company with nearly 20 years of experience of gold exploration in Alaska and an exciting alternative fuel development program.

See silverado.com for more information.

Silveradograph

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Reader Comments (3)

I hold Silverado. The company is also a green energy company and has a project in MS. with state gov't support.

May 11, 2007 | Unregistered CommenterGMiki

I've owned this company for years and grown grey haired waiting for them to turn a profit and stop just diluting the stock. The green fuel seems to have gone bust and the
nugget premiums surely have dwindled as the price of gold rises. You've got to mine a lot of gold to make money. Where is the mining. I haven't seen any real results. Just my view after years. Ken Burdick

October 19, 2009 | Unregistered CommenterKen

I sort of agree with you Ken--I have held onto a lot of Silverado shares bought at 9 and 10 cents---BUT I have faith that they WILL turn profit even taking into account the years I have held the multi thousands of shares. The fact that they are still mining speaks for them. Just hang in there---they WILL COME THROUGH !!!

October 21, 2009 | Unregistered Commenterbobi

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