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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Geospoton Oct 02, 2012 8:53pm
324 Views
Post# 20440384

RE: RE: RE: RE: RE: RE: RE: Continuing research.

RE: RE: RE: RE: RE: RE: RE: Continuing research.

Ambitious research, Scout. How do you plug into your formula factors such as geopolitical risk (or lack thereof in Vancouver), highly friable or (which saves costs), a high-grade core (which could pay for bootstrapping startup costs), management (which there is a shortage of worldwide in the mining industry and might come under contract with the deal), and the unusual silver credit...and the unknown of the exploration potential in that huge land area. Then, there's the plus minus of the coffer dam; on the minus side it costs some money to engineer (assume some of those technical drills will be to show the economies of that in the PEA) put on the plus side it provides a place to put the rock stripped away to expose the high-grade starter pit, and also moving water from the bay over the coffer dam is a lot faster and cheaper than removing rock and soil overburden to get to the ore body. Then, if Goldcorp is the buyer, how much is proximity to Red Lakes worth? You're gonna need a supercomputer to figure out all this. It's hot here in Winnemucca. Too much for my small brain.

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