RE:RE:[Capitalism]The resource size will be determined by industry standard methods...if that means fewer ounces with higher category then so be it...
The current 1Mill indicated alone makes this a very good play...
The current 4-5 inferred will ADD to the indicated by 'X'...making it VERY VERY good...
Island has a current potential of 20mil (or so) and when that is QA'd to Xmil reserves then this will be a FANTASTIC play....
Add in BARKERVILLE at X.mil reserves...HUGE.
Add in the rest of the %90 of the land play...MONSTER
Looking to the future of course...and given all that is required for profit ( POG, investment, cash flow etc)...and yes POG COULD retreat before it advances [you can guestimate this but no one knows for sure] but the mountain will still be there....
Millions IN still = Billions OUT
borisY wrote:
If the NEW TEAM moves this WORLD CLASS MONSTER forward
Boss, if it actually is a monster you should say...
Remember the resource estimate will shrink with falling gold prices.
I strongly suspect the latest NI43-101 from Snowden, the one that has been with the lawyers long than it took Snowden to prepare it, has suffered a resource shrinkage.... .gaps that were assumed to be ore in 2012 have turned to waste rock and the extractable ore body has shrunk considerably...
Just a theory of course and I'm waiting to see how it all plays out relative to predictions.
And Chilly, you were knocking me for at $800 gold call... we'll just to be clear, I said a 62.5% fib retarcement would be tested in the 50% retracement at $1080 failed. The 62.5% retrace is at roughly $890 and not $800... very big difference. I never put a time frame on it Chilly, but I expect it has a better chance of being hit that uncle E's $2,400 which had originally called for this year.
So just saying there Chilly, I know you are angry but distorting facts is not a good path for you... stay on the straight and narrow... and book that winter holdiay to Cuba before the bloody winter is gone eh :)