Post by
Brianw21 on Oct 16, 2023 10:30pm
The Critical Question
I like that we know the drill surpassed 300 metres on the weekend. But what does that mean exactly? I understand this hole is on the outer edge of the deposit, or atleast that is what I have been led to believe.
Does it mean the drill has gone through the vuggy silica layer into deeper more dense porphyry?
Is it possible the edges of Pucamayo currenlty understood are perhaps the middle of a broader high sulphidation deposit? The salicified zone was originally thought to be 100-150 metres deep. So now what?
Do the cores observed so far, under Ever Marquez's technical supervision host visible gold and silver?
In short are Lyles tweets indications of optimism, or concern? If we have atleat 200 metres of commercially viable deposit and we exceed 10million ounces then as the Hedgeless Horseman said when CN was .30 cents, we could have a 100 bagger.
I am very hopeful of course but I am trying to maintain balance with the little information we have at this point.
I know some of you have a very good understanding of reading between the lines at this point!
Comment by
ANALOG GUY on Oct 16, 2023 10:58pm
Yes it's on the edge right where the vuggy silica was outcropping And indeed are we in the middle of a possible monster ?
Comment by
goodbones on Oct 17, 2023 11:06am
A 100 bagger from 0.30$ Is that actually possible? How many ounces would Condor need to see in order to have market cap of approximately 3 billion? I think that would equate to roughly 30$ per share Canadian... Is that correct?
Comment by
ANALOG GUY on Oct 17, 2023 11:30am
Goodbones 3 billion MC divided by 148 million shares FD = $20 share price takeout price of 20% of deposit oz So you need a $15 billion deposit gold at $2000 = 7.5 million oz Is that doable? We will know in a few months
Comment by
goodbones on Oct 25, 2023 6:53pm
Gold at $2500 = 6 million oz Gold at $3000 = 5 million oz Just working on my math .... :) Lyle tell me more about your hole