TSXV:NORA.H - Post by User
Comment by
utellme101on Nov 02, 2007 1:35pm
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Post# 13741457
RE: OK 15.7%
RE: OK 15.7%Flipper you make a good point that we are undervalued, with just what we have now. BUT the Martha vein did not just appear, it comes form a larger source. And it will not just disappear. It is very rich. The economic tipping point is around 100 m oz. Then it becomes economical to build a mine. Any doubt we will hit that? Very little doubts. AT 100m oz the price per oz is about $4.00 to $4.50 an oz in the ground. At 150m oz the price rises to say $4.50 to $5.00 an oz. I am not selling either,way too much happening. And with the Co. drilling 4 drills 24/7. Don't forget they are also drilling the adjacent claims of SSO and Goldcorp. Nice corporate neighbours. That also tells us something. Gary has tied up everything around La Preciosa. Good management!