RE: Desi, CliftonStar EARLY than OX... RE: RE: EXP
Scudy:
Great.
I studied ANV recently, and the stock made a new high today. It has 10 M oz of gold from all categories, and they also used 0.5 g/ton to measure the gold content. By the way, I think ANV is a buy in case any one is interested in buying a gold stock. ANV is a gold producer in Nevada.
Now back to yesterday's news, while most of them have relatively low grade, but the average grade is still 0.8 g/ton, justify for gold content.
Also, what strike me most is that most of holes have visible gold. I re-read drilling results earlier, most of drill holes also have visible gold too.
This is NOT accidental. When you have 9 out of 12 holes (with one hole still unknown) from different areas have visible gold, this indicates a trend, i.e., visible gold may be available for many of 55 holes that will be coming. Of course, I am not a geologist, and this is an inference from the data alone. If this trend continues, maybe as high as 75% of 55 holes (41 holes) will have visible gold.
Assuming 50% chance for a hole to have visible gold, and assuming every hole is independent, the chance that 9 out 12 holes have visible gold is already very very low. But 50% means that 27 holes will have visible gold. We should see if this is possible.