Gold over $1500, and ATV results. Once again ATV Cold Stream results look very good with impressive widths. We are now getting close to a NI 43-101 resource calculation. Previous drillings that cannot be used to calculate the resource showed “(234,000 ounces contained gold. 234,000 X $1500 = $351,000,000 value).” In general the older drill holes used percussion drilling because it was cheaper, but, compared to drilling out a core sample, as much as 15%+ of the value is often lost because of the amount of water used , loss of fines and other factors.
Whatever the case ATV has expanded, by drilling, providing considerable addition to the above “pre 43-101” resource estimate to the point that we no longer have to use the word “potential”……but existing value ……but what is now anticipated is “how much” or “proven resource”. Also the resources remain open in at least two directions.
SPs move on proven value not on share holders frustrations, as I’m sure we all experienced in the Venture and perhaps other investments (mine included). ATV’s projects are progressing nicely from the technical stand point….not so much from their ability to advertise…..yet! I’m sure that will change with the new NI 43-101.
From all the information available on ATV’s web page, all of the 3D IP indicators have been very accurate and proved up by drilling, and there is no reason at this point to think otherwise for the remaining analysis to come. The new 43-101 to come may be a pleasant surprise to us all. That is when I think the SP will move higher…..my take on SPs.
Gold has now reached over $1500/oz. at the time of this writing, and BNN guests feel $1800/oz. by the year end. At least they were right about the $1500 by April month end.
Most gold properties throughout the world run at an average 0.5 GPT (some even lower) cut off, providing there is sufficient tonnage, but with the higher gold prices that cut off is lowered to perhaps 0.3-0.4 GPT (even lower at $1800), and would still be commercially viable with adequate tonnage. So when we see some of ATV’s results lower than 0.5 GPT, those amounts cannot be simply dismissed anymore as they once were, due to higher gold prices. They have to be included as added value!
Looking at all the news releases from ATV (CS property), I cannot find any results for silver, copper or other base metals that often have more value than gold. It is possible but, unusual for gold to be a “stand alone” element. Gold alone would not give such excellent 3D IP results. If anyone knows any secondary metals results, I’m sure the board would be interested in such a posting.
Then….there are other properties…………
From Solver’s World.