Mallgirl's Confusion and SJ.
Please Mallgirl, don't confuse me with flubber!!! The auriferious statement is not mine. Mooreman is the geologist and knows his rocks better than I. However when it comes to analyzing rocks.................. hmmmmm.
Re: The SilverJack property. This one is new to me and I haven't paid much attention to it........until now!
A copper deposite containing over 0.40% Cu is considered to be a very good grade mineable deposite if the proven tonnage is large enough and meets cut off grade requirements. Many mines in BC run at 0.25% to less than 0.50% with a high cash return (some even less at 0.2%). Imperial metals stocks in the Smithers area went from about $1 to over $20. Their ore body(s) is/are under 0.5%. ave. grade This is all documented and DD on their history would prove my statements. Gold/silver/moly/zinc/lead are the usual by-products.
A deposite that consistently runs over 2% Cu is almost unheard of anymore, and if it proves out on the SJ that the copper is that high over the stated large area.....the Chinese will without a doubt be looking/drooling at a buy out or JV. I have investments in several Cu plays in BC and without exception, the Chinese are involved and eager in every one...... more so than gold. 8% though is super exceptional, and those grades haven't been seen since copper mining in the WhitePine area of Michigan USA, where elemental Cu used to stick out of the ground in the early days, but not anymore!
If I were doing the analysis, I would re-run that sample in duplicate....because it simply is a rarity! But high results over the whole area would be phenominal!! Stock would be worth multiple dollars on that property alone and make BNN, Northern Miner and other mining tabloid headlines. With this news I will certainly now tune in to SJ, which to now was only a curiosity to me.
I invested in SXL solely on the basis of the Reserve property and feel that it will soar....but now with SJ becoming meaningful it would be difficult to be negative (flub). Impressive to say the least!
BNN guests predict Cu going much higher, one venturing a $5/ lb price early 2011.
Now the hard part.....patience and there will be plenty for ALL!
Solver