RE: RE: RE: Much More Drilling Than PlannedWe're just discussing the fundamentals, Perogie. Fundamentals that include:
SLAM's Market Cap - approx. 12 mil. remember that as you read the following:
Nash Creek - 10 MT NI43101 compliant, open pit amenable silver-zinc-lead deposit; all infrastructure in place; insitu value of approx. 800 Million which equates to 0.80 per share (10% of insitu value) JUST FOR THIS DEPOSIT
Costigan - also open pit amenable; similar grades and thicknesses to Nash; Mike Taylor has stated that this could be a stand alone deposit or at least feed ore to a mill at Nash Creek
Nepisiguit - last drill hole reported intersection of 11 m of 6% zinc
Silverjack - First hole reported 5.4 m intersection of economic grades of silver, zinc, lead; 19 holes remaining to be reported; zone followed over 1.6 km through trenching program
Reserve Creek gold property - assays as high as 25 g gold per tonne; last program reported all holes with such grades; co. stated that this property could be 1 program away from calculating a resource
Opikeigan gold property - past assays as high as 30 g gold per tonne; contains Fort Hope gold Mine which has historic mini bulk sample grading 8.8 ozs. gold per ton
Keezhik - new zone discovered last year; assays as high as 10g gold per tonne
Several other projects in good standing
Management - well experienced, sincere; all have strong backgrounds in exploration and mine development with such previous cos. as Teck-Cominco and Amax
Other Points of Mention - 52% of stock is held by institutions and insiders; stock has increased over 200% in last month or so on limited news (is some positive development forthcoming?); Administrative Secretary purchasing stock for the first time; increased stock activity over last few months recently drying up which has been viewed as positive (potential breakout coming?); metal prices as high as they've been in some years; 2 MT high grade core (6% zinc) could be mineable on its own, generating revenue for further exploration and development of Nash Creek; lots of chatter about closing of mines, mills and smelter in NB in near future makes Nash attractive to local area; all properties in Canada which is stable and positive towards mine development
Whew, these are random, I know, but still add to SLAM's appeal for anyone like yourself doing dd. Again, remember one of my first statements. That being Slam's market cap of approx. 12 million. On a comparitive basis, I believe there are few jr. resource cos. that offer such upside while limited downside through the valuation of Nash and sxl's low market cap relative to this.
That's it. I'm done!