My Thoughts on Today's NRTodays news was not the "Big bang" that many investors were looking for to happen, but to a discerning eye, there is a strong indication that the big bang could be coming sooner than later.
I will start by saying that orogenic gold systems are extremely complex and can prove very challenging to drill. It is not as simple as sticking a drill in the ground and winging holes down deep. The extreme high grade shoots that these systems produce can occur at angles, and can be missed entirely by the drill, even if drilling within a few feet of the intended target. That is why I find the criticism that TIm receives for not blindly drilling the hell out of 463 zone silly and completely unwarranted. It is clear that Tim is going about this slowly and methodically, he wants to truly understand this system before sinking exorbitant amounts of money and time into the area. That is a good thing for us shareholders, I don't like wasted money, effort and time.
Perhaps even more ridiculous than the criticisms of Tim are some of the criticisms of Dr. Coller that I have seen floated around on the CEO forums today. Building off my earlier point, it was always fairly obvious that Dr. Coller intended that the first few drill holes into the 463 zone were meant to be attempts to simply understand the system and prove one of his several theories of what could be happening down there. The handful of holes reported today and in February have made the "picture" much clearer on where the drilling needs to be targeted. The mystery of where the high-grade gold is coming from at Moosehead is slowly being unlocked, and today is another step toward that goal.
I will admit i too got caught up in hoping holes 505, 512 and the others would be homeruns, but the probability of this happening was always low. With a much better indication of where to drill now, I think it isn't unrealstic to expect the next few holes from the area to have a much higher probability of being high grade and and, far more exciting to the market.
On another note, I have done some research into the global cesium market, and it is almost shocking how rare cesium is. Nevermind the lithium for a second, I think the cesium has the potential to be a sleeping giant. Tim in a recent interview said he has gotten several very interested calls about the lithium, even small quantities of it, which shows you the demand for this stuff. A few more high grade hits of cesium, and who know what that does to our stock.
Cheers & GLTA