RE: End of Takeover TalkSouthcat
As you may know MXI had a shareholder reception in Calgary Monday night. Very upbeat. Greg gave a very polished and exceedingly bullish presentation. When you see the strike zone and the tiny portion on which the resource calculation is based its hard not to get excited. I am not in anyway a technical person-so take this for what its worth-but I forsee that the resource calculation could eventually grow to 10-12 million ounces as they drill out the zone.It looks a lot like Jilbey. Only this looks a lot bigger-and bear in mind that the Jilbey deposit eventually topped out at over 3mm ounces.
Here's where you and I disagree. If the resource calculation confirms a mineable deposit exists now-and I believe it will-then we will be in play. I know Greg wants to hold and watch the story unfold and I know that some institutions say that they are in agreement but take it from someone who spent 27 years behind a quote machine- if institutions are offered a significant win they will take it. They aren't famous for their patience. We are on the same side S-cat, and I don't necessarily want a quick TO. But as I read report after report on the major gold miners and how all of them are scrambling to build their pipeline of projects and how good projects are rare I believe that we will soon get an offer we won't refuse. Anyway, looking forward to the resource estimation.