Zumplums follow-up post.... Goals!
Goals
By Zumplums
9 hours ago
So the data from the Carlin drilling has been pretty good and pretty expensive to come by....
So the data from the Carlin drilling has been pretty good and pretty expensive to come by. Considering for the moment Carlin/Humboldt as one project, EVG is leaving investors in limbo, as EVG may well be itself, as to the future of its other properties. Carlin is obviously the focus and the consumer of EVG's limited resources which asks the question how to keep the drills turning? Jake Creek and RSH appear to have promise, but are they better as potential sources of revenue than prospects to be held? The follow up questions are are they worth anything and is EVG marketing them?
In spite of Nevada's great mineral wealth and the wealth of Wyoming the chances of small companies making big discoveries is still long; and while RSH is discovered gold in the ground awaiting the proof of the economics of making a mine perhaps the dice must be rolled in favor of Carlin/Humboldt and RSH sold to help finance C/H. Would be great if a new partner stepped up, but that hasn't happened so far. So limbo is what it feels like though EVG is accomplishing finding more gold at Carlin. Just what are the goals or goal for EVG, for Carlin/HUmboldt?
I think it would help put the Carlin numbers in a better frame for investors if they knew the numbers were steps toward a specific company goal. For example; There are at least some concrete factors that outline the basic criteria for making an underground mine on the Carlin trend. It would be of some use to investors to know, albeit with caveats, that the Carlin numbers are actually adding up toward a successful end whether it be to sell the C/H as a ripe prospect or to take it to an early development stage as examples whose basic criteria could be spelled out. One million ounces of .25 ounces per, five million ounces of .16 per ton, a block caving mass of 6 million ounces of .12 ounces per ton?
Give the investors the goal and point out how the C/H gets there; then as data is released put it in context of the goal. The free floating data may look good, but the meaning is missing.
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