GREY:OLEPF - Post by User
Comment by
falcon9on Jun 25, 2008 5:52am
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Post# 15225628
RE: relax gold father
RE: relax gold father8 - 12 million oz's ????
This is there first resource report and 8 to 12 million oz's is unrealistic.
I feel 2 million oz's is more realistic and a great base to build upon.
The strength of the company and the property is that the near surface Gold is there in abundance.... but just needs to be found. With a jaw - dropping 140k meter exploration drill program underway ( 6 rigs going 24/7), that resource will build very, very fast.
This management team knows what they are doing.
By year's end the resource could easily triple to 6 million oz's (conservatively) which would double or triple our market cap (& shareprice) ........ even in the toughest of market conditions.
8 - 12 million oz's is coming ........but it will probably take another year of dilling to hit , then surpass,this number IMHO.