GREY:ALXDF - Post by User
Comment by
LRGreturns4meon Jun 02, 2018 5:42pm
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Post# 28116080
RE:RE:RE:RE:Telephone Call
RE:RE:RE:RE:Telephone CallAnacott, my error is this: I took new drill results and added to the original RE. The problem there is that the whole premise of the upgraded value is the vein structure, so now take the old data and call it just “not compatible” to be used with the new resouce model. I chose the 700,000 as a round even number give or take 100,000 maybe?
I erred in thinking that the bulk data could add to the new model, but what made the old bulk grade high enough is reconfirmed in the new model, thus I now believe this is more of a maiden estimate on the revised model that will continue to grow. I think it will be rough before good, but I still believe there is a lot of gold here. Remember the board has authority to consolidate at any time. The board will have only a few business options: 1) Sell quickly after shareholders vote down EO and his group 2) Hire management team and raise money (After consolidation and deep dip in SP) 3) JV or sell off the whole Val d’Or property to PRB and spin out the rest to sell off for a few pennies.
I am still committed to see what this property has to offer and I am sure AEM knows more thsn snyone. Where do they stand?
LRG