GREY:GDPEF - Post by User
Comment by
BayStreetRaideron Aug 21, 2009 2:15pm
258 Views
Post# 16238629
RE: RE: RE: RE: GL
RE: RE: RE: RE: GLLeigh - pardon me but I'm going to ask you to start proving things with PUBLIC INFORMATION rather than your imagination:
- "A major mining company does not need that report to establish the samelevel of knowledge of the resource and it is my understanding that afew of the majors the company has been working with have gone farenough to have that knowledge."
Where does it say they are working with majors? Where does it say the company is for sale? Where does it say that they have enough proven out to satisfy your phantom majors?
Their most recent MD&A says they are either going to do a financing or look for a strategic partner. Not mention of majors looking at it.
" I have been told that they are capable and are in a position to pull the trigger on a financing should that be required"
Again - nothing in writing on this. Their MD&A actually questions their ability to do a financing.
"I have been told that the 43-101, if completed, would have been rightaround the 500k oz. range for what could be included and it is clearfrom the drill hole mapping that has been published that the area thatcould be included would be no more than about 1/3rd of T11."
Wow - 500 oz. Leigh, again, you have been told? By whom? Are you a geologist? How come nobody else has been "told"? How come some of the merchant banks like Sprott or Endeavour haven't been 'told'?
"It is reasonable to expect some type of inground valuation in the rangeof $100 per oz. and that would value T11 alone at about $150m andthere is definitely value to the rest of the project, not just T11."
Wow $150M divided by 35.5M share float - the stock is work $4.23!!! And nobody knows this (believes this) but you. Amazing how inefficient the market is!
Please provide links to publicly issued news, reports or any filings to verify the information you have above.
Leight to call your optimism misleading is an UNDERSTATEMENT.