R-E-S-P-E-C-TThis company seems more interesting than I first suspected, and to be honest I am surprised it is not getting a bit more respect. After I found out that Luca Riccio was the head Geologist, I took a longer look. Luca has been with Crystallex for nearly 10 years and whether you like Crystallex or not, it is difficult to refute the respect Luca garners at Gold shows and in general mining circles. He is very unlikely to come on board a company like this, given his position at KRY, unless there is something worth paying attention to.
And it seems there is something worth paying attention to.
As I listened to him speak, and latterly read more on the properties held (and now being drilled) by Yale, I realized that the Golden Revenue property is almost a given... in fact I will be absolutely shocked if they dont have really impressive drill results... they are drilling into a known orebody. 55 holes (reverse circulation) were drilled through the low priced gold era, and interest was simply not generated, even though results of low grade bulk tonnage AND high grade low tonnage bodies were drilled.
At present there are mines in operation in both of these categories in the same Tintina gold belt which crosses Alaska and the Yukon.
As I understand this now, the orebody that Yale is now drilling is a step out program to identify just how large the body is. And unless I am really out to lunch they are going to be sure to drill a hole or two in very healthy structure, so as to prove to all that the gold previously discovered is still very much present. In the mean time the rest of the B.O.D. and management team seem to be both well respected, and comfortably enough 'well heeled' that they do not NEED to do this, but rather are believers in building a new and robust exploration company, likely on the back of this very promising property...... but what do I know?
I know that I like the prospect, I like the mgmt and b.o.d., I like the fact that they are financed to drill and are drilling now, and that results are likely to be very promising..... Are there more like this out there? Maybe. But this one is here now, cheap and well held, so likely to rise in value. Your call now...I made mine.
Mike.