GREY:FNTRF - Post by User
Comment by
pmrideron May 06, 2011 10:02am
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Post# 18539448
RE: bottom fishing
RE: bottom fishingdrj:
The resource calculation is coming this summer and from everything that I am hearing, the resource should be in the 1mm ounce range and that does not include the new Iris lake zone. The beauty about this play is the area they are in. There is a great map on the Benton website that shows the area (posted about that earlier).
From what I understand, the magic number is about 2mm ounces that they ultimately need to prove up. With the new zone at Iris lake, expansion at depth and potentially a new zone (which we will hear about shortly), we should be able to prove up 2-5mm ounces. Why does the market not care? I don't know. What I do know, is that the drill does not lie and the results that you listed are real and near surface.