GREY:TWNNF - Post by User
Comment by
Tibberon Dec 18, 2006 11:03am
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Post# 11884526
RE: Due dilligence prep: cut off grades?
RE: Due dilligence prep: cut off grades?I'm ok with 1g/t although it's an arbitrary number. Does anyone know the base amount /t feasible for a producing mine?
It all depends, you can mine lower grades in an open pit provided you have the tonnage. Picking a cutoff grade at this point is moot IMO simply because they have only just begun drilling.
This stock is highly speculative and there are absolutely no guarantees. I think we can all agree on that.
However I like their chances, 30,000 metres planned for '07. Very close to other large mining camps. Obviously management is excited by the prospects. furthermore it may take a while before they understand the geology of this unexplored area.
For now, I'm content to sit and wait to see what happens.