OTCQX:GTBAF - Post by User
Comment by
Goaweighon Nov 16, 2019 11:37am
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Post# 30360101
RE:question on resource
RE:question on resourceI'm just guessing here but I suspect that they have a lot more holes into the two blobs than we are aware of, they probably aren't sexy enough to release one by one but when combined over very large areas proves or certainly indicates a potential significant resourse.
We may have to double the number of holes into those zones to actually officially quantify or qualify a resource but I think if we can demonstrate that the blobs " hang together " that will be enough for analysts etc. to take an educated guess of the potential resourse.
Think the effort in defining a maiden resourse is to mitigate the volatility and put a floor under the stock which would be welcome given recent selling but also it may give comfort to a larger audiance who want to participate but can't because we are still too speculative.
A bottom floor starting at $ 10 would be just fine and we build up from there.
But lets get the PP closed and then release a few more decent hits expanding the blobs and we should be just fine while we wait for our fair Maiden ! lechmeir wrote:
Does anyone know drill space requirements for measured, indicated, inferred. I know I read it once, but I don't have a handy reference.
When CT speaks of a "maiden resource" what are the technical requirements to produce such a report.
I'm trying to figure out how long it takes to get one of those done... or if they've quietly been putting one together as we speak.