important points at this point
So since the last post we have got a little more educated and talked to the company, 2 analysts, their IR people and 4 geos outside the company.
and this is our understanding:
litologically, ie stucturally , geologically you could not have asked for a better scenario, especially since the grades are longer and better and the dyke is now gone. in an open pit scenario, this is all the difference economically. 2 holes, only so far have ended up in mineralization, 3 more pending. although if it was me i would have started in fill drilling right away also, and by now announced multiple drills 3, to 4 over the site 24 7. hammmering at what the mining community now really understands as a big open pittable gold discovery.
ie this stock is no longer highly speculative but almost a guarantee the sh price will rise. we heard rumor there is going to be a huge financing soon but without a doubt the company is going to not want to dilute the company. we assume they want to see 1.50 stock price or higher and a financing at 1.25, 30 minimum. this is because they already have 46 million out, not that much which is nice but still u really dont want to dilute big time and po big sh holders off. ie the institutions in and the new ones coming in , of which there will be some serious ones now
199m or 651 ft of 2.66 gold is excellent, as it includes major h grade core sections.
so my geo buddies are all placing bets on how big the discovery is just going to be
mineralization will more then likely be like this as we have looked at other deposits throuhout the years and seen what has happened
we think the ore body will be around 2.5 to 3 million ounses.
500 x 800 x 600 x 2.5( specific gravity), very conservative sg , or 60 million tonnes of say 1.5 g per t gold for a contained 90 million g gold or 2.63 million ounces. BUT IT WILL BE BETTER THEN TIS ANYWAY, ...TRYING TO BE CONSERVATIVE FOR THE ECONOMISTS OUT THERE.
all of theses calculations are base on the fact that the thing is open still at depth, width and length.
The situation is as fabulous as it gets.
I also asked about all the trading and was told they think a lot of people started selling and then bought back in which all markers seem to show. ie the sh price will have a tipping point to rise dramatically very very soon. this seems true as weve seen this happen with a number of other companies.
think what you think and pass this analysis to others if u want , just our interp but its factually based and well, as puzzles go , a pretty easy one to figure out. you really want to read the nr very very carefully and a lot of financial analysts dont know how to do this without some geological background.
hope everyone is enjoying vancouver. im coming back for the slalom and the figure skating. no hockey too much money and besides i have the new panasonic big screen tv , the hd thing, and a party planned
whos coming.
pm
our group will be on the buy side tomorrow all day.