Current Footprint The drill results were not negative in my opinion. Based on what they have so far I believe they've already found over 1,000,000 ounces at FDP. The deposit remains open in all directions. I still think they are on a march to 5,000,000 ounces at FDP and Butia. I'm very interested to see if they can somehow tie the two deposits together and if there is any near surface Gold at FDP.
Near surface, Gould is a great way to start an open pit mine because the ratio remains low and you get some contribution to CAPEX investment quickly.
there is enough smoke and sizzle from their land package that I expect them to be taken out by a major they prove they have an economic deposit and still have tested exploration opportunities. Hopefully they can drill for about 18 months and avoid blowing up the capital structure, which is excellent thus far.
price of gold has been above 2004 a long period of time and setting new heights… At some point market sentiment has to turn around and should be able to raise some money at reasonable valuations.
Michael is a seasoned finance guy. He knows that the success of the share price will depend upon him raising funds in the market levels higher than the stock currently is. I'm hoping that the next raise might be around two dollars or higher… But they've got to do a lot of drilling before then get the Stock price up there