RE: Do You People"How much would that be worth at present gold prices $1135 oz. Oh a mear 1.8 billion"
Well, the market cap is around $10 million, so either your math is way, way off, or every single investor in the world is completely asleep at the wheel. My guess is your math is way off.
First of all, do you realize how large a leap of faith it is to say "well they had one hole grading 20 g over 24 m......now let's assume they define that exact grade 200 m. by 200 m." There is a huge difference between one hole a certain grade, and 200 m by 200 m of that same grade, and to jsut assume that they wil prove up that amount is ludacris. Sure, it could happen...just like you could win te lottery...but it is far from likely.
If you want I can show you several examples of properties that have better results then DEC has had in deposits that are not economical......
Noy saying DEC can't prove up an economical deposit, but in the real world that will mean drilling undreds of holes...instead of taking a few choice holes and "assuming" that the whoole area is that good.....
After all, if you copuld do that, you could also do it the opposite....that is, take their worst hole 9which hit essentially nothing) and say "well, we must assume that this whole area is also nothing"
Which of course would be equally as ridiculous....just because one hole is bad doesn't mean the whole deposit is....the opposite (which you are suggesting) is also true.
That's why people who like to keep their money don't make investment decisions assuming the best case scenrio all the time.....because most of the time, BCS doesn't pan out.