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YALE RESOURCES LTD V.YLL



TSXV:YLL - Post by User

Bullboard Posts
Comment by RGS1on Sep 25, 2008 10:07am
590 Views
Post# 15483383

Grades etc

Grades etcTwo, I think you are missing the point! If we knew what you are suggesting, a) that there was more than 1.5 million tons at la Verde Grande and b) that rock, yet to be drilled, was the same grade as current rock, $100 per ton, then the stock would not be $.08! This game is about risk reward.

What we do know is that the current rock is rich! We do know that there are several other targets on the property, so likley more than 1.5 million tons. We do know that there are few barriers to production, power, water, road, government etc are all in place, meaning low capx! We do know that if all the stock was out 61 million shares, there would be over $4mil in the till!

We do know that we are dealing with experienced management that have found, financed and are currently running an operating mine.

We also know that the stock, like most, is at a 4 year low!  These are the valid points, the ones that make for a good risk reward. When we have answers to your questions the stock will either be slightly lower or significantly higher!

However lets not forget the tow other properties, Urique and Carol, which both have potential and recent exciting grades. This gives a buffer to La Verde and even more upside potential or an even better risk reward ratio.
Bullboard Posts