BVG, The Dave & the & pumparoos !Guys, not that he needs it, but the Dave is as credible as they get on these boards.....have seen him post for years.....
As for pumpers....they are part of this anonymous world and that is fine...
As for BVG, here's my opinion ( for those inetrested )......first of all congrats to those who bought at the open around 0.32 cents....we traders often refer to the 3 day rule on the Venture....that's how long a pump job lasts on average......
The intersection was not 73 meters at 20.99 g/t like the title indicated.....that would of been extraordinary....
Truth is they had
Hole No. Depth From To Interval Estimated Au Ag Cu (m) (m) (m) (m) true (g/t) (g/t) (ppm) thickness (m)HR08-87 212.75 64.60 137.60 73.00 52.50 20.99 11.60 618including 64.60 111.00 46.40 33.37 1.34 3.99 82and 111.00 132.00 21.00 15.10 69.22 29.40 1,641including 124.35 132.00 7.65 5.50 181.58 71.55 3,761
So they got close to 6 onces / tonne over 5.5 meters, well lets say the vein is 20 meters
long it might produce 25,000 onces ? That is bonanza no doubt but let me warn you that one
hole alone means little....I visited an underground mine in July and saw a bonanza vein
about 4 meters wide full of pyrite over 80 meters lenght....the vein pinched and swelled
from 2 feet to 5 meters in width....once mined it generated 6,000 onces.....
If they replicate these width and grades, it will be interesting but for the moment I can't
help but think they need a financing and intercepted a bonanza vein and used it....That
is the world of juniors.....
As for comparing to the industry, note that many producers ( not juniors 2 years away
from producing ) are trading at $40 million market caps.....
The pumpers will be out before the naive are stuck with the bag.....
Now, you will see the pumpers attack me.......they will tell you I'm bashing cause I
want a better entry price...Bring em on.......The Dave is used to that...so am I.....
GLTA !