RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ResultsPonyBoyOutsider wrote: BC - Initial Resource Estimate is what I was referring to.
Preliminary Reserve Estimate / Initial Resource Estimate was same thing in my mind. Although, I may have missed on a technicality. I've always just called it Preliminary.
Regardless, I guess leaving it as "resource estimate" simplifies that issue.
I was told by the company that they are aggressively attempting to have a "resource estimate" on the mineralization associated with the "Bonanza Hole" by year end, which was always in my opinion pretty optimistic. However, if more drills show up, and drilling is continuous then I guess I shouldn't say it isn't possible, just highly unlikely.
At any rate, at the rate they are putting out meaningful news on holes that are already ready to be reported on, I'm not feeling too encouraged on a lot of fronts right now. (They are holding results on several assayed holes at this time).
in addition, I think Michael England has too many irons in the fire to be doing a good job necessarily for any one company. I have made numerous attempts to reach him, left messages and never once, even with recent attempts, has he ever returned my call. Since I own close to 2% of the company, I thought I might deserve an eventual call back, but I'm guessing not.
I think Re: NewCoin: keep doing more research, glad you're here on the board learning from other investors. We all start somewhere. BC, your input is much appreciated too, as we all hold on for (like what you said) is obviously going to be a long ride.
as always GLTA
PonyBoy
PonyBoy,
Noted. However a resource estimate by y/e is 100% no chance. They need to do a lot of drilling and have only 3 holes released so far. Also you can drill all the holes you want however that still doesn't mean you can do a resource estimate if you do not have the goods. So the short term story here is not based on a 43-101 at this point, rather good drill results??? We need a lot more of them and there is a good risk/chance this does not pan out. The vast majority of juniors do not. I am invested here since this looks promising.
Also, management cannot disclose any facts to you via telephone call that are not disclosed to the public. The CEO would be foolish to have a record of a call with a shareholder, regardless if you own 2%. So, I would not hold that against them.
GLTA
BC