GREY:OLEPF - Post by User
Comment by
tony1969on Feb 22, 2013 1:21pm
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Post# 21029670
RE: RE: Thanks Tree... from the TGZ board....
RE: RE: Thanks Tree... from the TGZ board.... Cap, that is an excellent point about the mine life of TGZ. Investors want to see resources and an extended mine life. I know that they can find new gold but that is never a guarantee. Look what they just went through. They cannot afford to do that again. This is why they are probably just spending $20 million this year on exploration as opposed to the $46 million last year. With OLE they have a guarantee and they will more than double their resource base at a much higher grade. Again, great point.