RE:RE:RE:RE:What if???... NGE has not drilled deeper than 650 metres at SGV. So we do not know what lies below. What is meant by falls off in to abyss? and how deep is too deep. Barrick is drilling holes that are 1,200 metres deep looking for new deposits.
And what price of gold is JK assuming? Current levels. Lower levels?
Hole 9 hit bedrock at 412 metres. Hole 4 at similar depth. Is that getting too deep. In the late nineties, it was believed that drilling any deeper than 300 feet was a waste of time because anything deeper would be uneconomic. Ask Wade Hodges what he had to do to get Santa Fe to drill deeper than 300 feet at what eventually would become Twin Creeks mine. His boss supposedly wouldn’t authorize it. Took over a year if I remember the story correctly to get approval to drill deeper which eventually resulted in the discovery.
What is too deep today may end up being economic in the the future.
But don’t listen to me though. I am a novice investor.
ShellsRFun69