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.