GREY:STACF - Post by User
Comment by
LuvMyGoldon Oct 23, 2006 7:48am
313 Views
Post# 11540967
RE: PAX best bang for the buck
RE: PAX best bang for the buckrampage09, you beat me to it! I was getting a bit uncomfortable seeing explicit terms being interchanged, as in the use of "proven resources" for which there is no such thing, in 43-101 NI geology-speak. I'm sure your clarification to the board will assist some, as folks putting down money on such speculative plays really should understand what constitutes a 'reserve' vs. a 'resource' and its implications.
I also am a shareholder of PAX, but not a huge amount as no mine will come to pass here for a number of years, by which time we do not know what the price of zinc will be. Additionally, the costs to establish a mine up there could be considerable but hopefully not prohibitive, and one could expect a massive amount of dilution in the coming years as we go through (fund) the various phases of exploration/development. Still worth a gamble however in my humble view.
GLTA