GREY:COLUF - Post by User
Comment by
speckyon Feb 24, 2010 6:03pm
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Post# 16817006
RE: RE: RE: RE: Contacting OSC
RE: RE: RE: RE: Contacting OSC well, I for one believe that anyone with grave concerns should contact the company and speak to them yourselves,as opposed to reading BS on the bullboards.I have found Elina to be very upfront and honest regarding the company plans.Although they are taking a different approach than most exploration companies they appear in my opinion to be working dilligently on behalf of the shareholders of which last reported has 65% institutional ownership.Institutions are looking at a longer time horizon than most retail which are quick flip.
The company could be drilling and reporting awesome assay numbers on a weekly basis and would be no closer to having a 43-101 compliant resource,due to the nature of the geology .I was told today that the Vale drills showed 600 thosand ounces in the pit where they actually mined 2 million ounces.This did not include any of the other precious metals,only gold...so what was the actual gold equivalent in this pit with all of the other resouces mined included?
The company are working on plans for underground mining,drilling,environmental,metalurgical,permitting,land acquisition and so forth to leap from an explorer to a hugely profitable miner in short order.That's what the institutions are in this for ...not assays,but a viable company with all of their ducks lined up.
This stock will pop and looking out will be valued much much higher sometime in the future.
Yes ,I like assays too and recently took advantage of the EC stock appreciation,but comparing the two is like apples and oranges at the moment...one has proven precious metals while the other is presently speculation!
Have fun
Specky