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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Bullboard Posts
Comment by rappy7on Nov 18, 2009 2:49pm
206 Views
Post# 16500561

RE: RE: RE: RE: Fragman...You're out to lunch....

RE: RE: RE: RE: Fragman...You're out to lunch....This is a pretty dumb discussion.  The fact is they are drilling, so deal with it.  Not only that, but it's the right and obvious move.  They're drilling because there is LIKELY gold there: the chip samples, VEN's results etc.  I agree that VEN would come calling even if GWY doesn't drill.  BUT when VEN does come they will pay a FAR HIGHER price if we've received great results from drilling, than they'd pay if there was no drilling at all - likely at least 10x higher IMO.  It's not as if you'd get the same price now as you would after great drilling results.  It's not as if great drilling results won't matter.  The reason we're drilling now is to maximize the price we can demand from VEN.  Of course, nothing is a sure thing but the risk/reward makes perfect sense in this case.  The chances of successful drilling are high (over 75% IMO based on chips, VEN's results, etc), AND the payoff is huge (10X more $ from VEN if/when the results come in IMO).  With an equation like that it would be INSANE not to drill.
Bullboard Posts