RE:RE:RE:RE:RE:Real deal, or history repeating itself?
No kidding on the "could be interesting." Ed has faced some tough seasons of tight money and no big return drilling and people know the cycle of finance, drill, report, no big hit, rollback, wash out the bloated share book, start fresh on new prospects has burned a few gamblers.
But here is a geologist probably second to none in knowledge of the golden triangle, he stuck his neck out at what has to be one of his dwindling number of at-bat seasons to say he had hit a major discovery.
The high-grade mineralization intersections in the discovery hole are narrow, but the visual intersections in subsequent step-outs he says are high grade, and they are much broader. Surface to 150m depth potentially over a wide area. Minutes from Terrace, power, paved roads.
IF, big IF ... Ed had nicked the edge of an intact sediment hosted copper deposit, higher than average grades, substantial tonnage ... the market cap has been hovering around $15 million CDN - a "major discovery" as in a high probability economic shallow copper deposit ... easily worth $150 million plus who knows how much if bigger drill intersections start coming in.
I put some money down, I think this is extremely interesting, and I realize DEC has been cash strapped and high risk. But supposedly $3 million came in hot on the first drill holes to pay for all those now unassayed visual hits of heavy copper mineralization.
Hang on their longs ... very exciting turn of the hole card coming with Hole 3 assays, now long wait to see them ... cause for concern or are we just anxious because well, it's a junior and we all know shenanigans and nonsense that occurs around small cap drilling.
i'm being an optimistic punter here and pulling for a Cinderella Story - Big Ed ends his career with a significant discovery, and Terrace gets a big economic boost with a copper mine just outside town. Might just happen, ya puts down your bets, ya takes your chances. I'm pulling for Ed to have made a big strike here.
Not much longer and it's either fake or fortune!
cg