RE: RE: RE: Press release todayI listened again last night to an old Al Korelin/Jay Taylor interview with Robert McNeil - I think it dated back to around the middle of this year but wasn't able to observe a date.
McNeil did acknowledge it had taken twice as long as originally expected with the Sinivit project - guess we're past twice as long now. In the interview he did speak of his belief we'd have a 10 year or more mining lifespan at Sinivit.
He went on to speak about the Imwauna(Normanby) property being our # 1 project, indicated his belief production costs would be substantially less than at Sinivit due to better gold grades and left me again with a conviction he believes the Imwauna resource has 4 to 5 million ounces of gold as Grumpy posted.
It appears as obvious as the nose on my face we're very much undervalued as far as our share price is concerned. We're being painted with blood red ink, substantially more than I think can be justified. The people making up the investment world are presently filled with doubts leading to insecurity, panic and fear. It seems we're at a point where the various contributing factors have created sufficient turmoil enough people are taking actions to cause exactly what we all hoped would not really take place. I'm of an inclination to feel I should buy more shares but the market seems just so volatile now I can't bring myself to a conclusion there might not be a chance to buy even lower cost shares than the .23 level. My gut instincts still are strongly urging me the precious metals sector will eventually prove to have been a good market sector as far as asset preservation is concerned. But, how long will it take????