GREY:ADAIF - Post by User
Comment by
onemoresaleon Jun 08, 2010 4:39pm
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Post# 17170135
RE: AGM - June 24th
RE: AGM - June 24thDigging? - you mean drilling and $4.00 would be great - we are talking about the same company right? That would require us to have a producing Gold company - and I would suggest that is not going to happen any time soon.
In order for such a dramatic increase in share price the results from the drilling would have to allow for a significant increase in Gold oz. Then a feasibility study followed by significant debt or equity financing to provide for open pit operations and equipment not to mention the requirement for a milling operation. Processing ore at the Zinc mine is a possibility but the transportation would be a killer. Yes, it is all possible - but how many years down the road????
My original question was much more short term than your reply - i am hoping there is a significant announcement in the near future (possibly at the AGM) so that we start to see some real movement in our share value.