GREY:LEWCF - Post by User
Comment by
Bentonstockson Feb 23, 2008 10:44am
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Post# 14532386
RE: Intersting pissing match
RE: Intersting pissing matchThanks for you support... You are right, it is low grade... Nobody is disputing that. Davis believes the economics work even at that grade for variety of reasons that he will spell out in detail if you talk to him... He has spent a lot more time studying this than I or anyone else has.
However, Davis does know that he has to do better to really sell this thing, depsite the fact that he can produce moly oxide at Nithi profitably even with the grdes he is reporting, given the current market values.
We certainly do not have mine yet, and I never said we did - all I have been arguing is that this grade can be mined profitably, and that the preliminary inferred resource is worth a lot more than the current market cap.
You are right to want higher grades - we all do. Given that Davis has only drilled 10% of the known zones at Nithi and is really starting to gain a profound understanding of the geological structure (the controlling factor in the mineralization) at Nithi, we have a lot to look forward to and a lot of upside potential.
My discussions with lurk were more for the benefit of our forum and proving something about lurk, rather than proving anything to lurk. I think have accomplished that and I have had enough...
Onwards and forwards
Regards,
B.