OREX Action Plan
I think that Orex won't do any bulk sampling for the time being. The most logical action plan would be to announce a NI43-1001 resource with different scenarios regarding cut-offs and possible nugget effects on grade and continue drilling the rest of the resource. The nugget effect can then be extrapolated from the following drill results For eg.
Scenario 1 for cut offs of 0.5g/t, 1.0g/t or 1.5g/t of Au which can reult in a 3.0M OZ, 2.5M OZ or 2.0M OZ of Au
Scenario 2 that takes these resources and applies possible nugget effects. From our understanding, what was actually mined at the old Goldboro mine and the drill results we're getting, the nugget effects improves the overall grade any where from 2 to 3 times what the drill results indicate. (From past mining, the ore consisted of almost 6-7 g/T of Au per Tonne of rock. The Drill results are averaging 2-3 g/T of Au per tonne of rock.)
The report should outline these different scenarios. We're talking about a resource of at least 2.5M OZ of Au and up to 6.0M Oz of Au. From the confidence of the management that we're getting, I think they realize that they have something big. If they play it conservatively, they will announce a 2.5M OZ of Au resource, prop up the share price, do a share offering at 0.35$ and continue drilling.
We can also get a 4.0M Oz of Au resource, which my gut feeling is telling me, and do some future share financings at possibly 0.85$.
Orex has the goods, without a doubt in my mind, remain patient we will all be rewarded here.
p.s. there are no short sellers here, just bottom feeders which isn't a bad thing as they will prop up the price when it goes down. No one in their right mind will short a stock when a company is about to announce a huge gold discovery of epic proportions. If they're caught with their pants down, we shall take them to the cleaners :)
Goldboro will announce a resource that will surprise and catch everyone off guard here, wait and see.