50 Million tons..topstwo vertical holes 1.64 km apart (see gxs website)
1 kilomerter X 2 kilometers X 20m X 1.25 = 50 million tonnes** $1 buck a ton makes the stock worth $2.50
** 1) assuming the structure is flat(Note: if vertical structure or a hoax, all bets off)
2) projecting beyond these limits is foolish if you have no geophsical data.
3) First 7 holes assumed a east- west basin 9km X 17 km. The last two holes killed this ttheory.
The company had lots of time to revise their drill program. Restrictions were a lie given the value of the company atthat time.
4) Drill broke down. How conveniant.
5) Why redrill the first two holes when two new holes equally spaced between the two would given you more data and increased your level of confidence. HMMMMM??
6) Hole 4 was a dud. I never heard or seen someone talk in terms of 1/2 holes(ie 3.5). Misleading the public.
7) $250 MILLION EVAPORATED FROM THE MARKET VALUE. OSC and RCMP watching for sure????