GREY:GLBCF - Post by User
Comment by
readytogo1on Jan 25, 2014 1:43am
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Post# 22133258
RE:Historic assay reference
RE:Historic assay referenceMisbrandt wrote: The historic assay numbers I posted are from the GCO website. I have to think that the rate/cost of recovery must cut the margin down significantly otherwise this play would definitely be much higher. I definitely do not want to be seen as pumping so do your own DD, get in now if you want to take the high risk-high reward approach or wait until 43-101, PEA, feasability study etc. are out and you will still probably be able to make a decent turn around with greater peace of mind.
I do like the fact that they were able to raise almost 3 million dollars on a PP at .20 after the results from the first 7 holes were released. I believe I have that right. Correct me if I'm wrong. That tells me there is confidence in the market for this play!