RE:RE:RE:RE:RE:But 50 cent swings with a few thousand That may have been true awhile ago but I think we are well beyond the
" geological curiosity " phase and are well into proving up the " size of the resource " phase.
If we were at all concerned with the LP not coming together as hoped we would probably be putting all of our resources back onto the Hinge/Limb zones to prove up a Red Lake type orebody but instead we continue to expand the LP while looking around for other interesting bits.
It's the enormity of this project which is difficult to grasp.
For instance the " Arrow " hit, that could be another Hinge/Limb zone and both of those could be multi million OZ. Red Lake type shutes or " Pods " that go down 2500 meters. And that side , the left side of the LP, could host a few of those pods because Red Lake was/is a series of pods dotted along that fault and those pods added up to something like 20 + million oz. and we have the same strike length at the LP as they do on the main Red Lake fault.
Had we never discoverd gold on the right side of the LP we could be very happily drilling off Red Lake type ore bodies on the left side.
But we found a Hemlo on the right side which is surrounded by a Malartic.
Which is pretty crazy.
I said this probably over a year ago " We're going to need a bigger boat "
You get the referance !
What we might need is two sets of experts, a Red Lake group and a Hemlo group, running independently but both answering to Chris. Maybe 4 drills each with a $ 20 Million budget to start and just go at er !
The Red Lake group proving up the Hinge/Limb and the " Arrow " while looking for more on the left side and the Hemlo group proving up the LP fault discovery while looking for more on the right side.
Set up some friendly competion between the two groups, first to 20 Million Oz. wins !
I have a theory on how to get us into production fast too but that's for a rainy day !
It is a rainy day...later maybe.
Have a good weekend all.
Oilminerdeluxe wrote: "small areas isolated from each other, in which case a mine might not be feasiblle."
Are you sure about that??? It is already a monster