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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Post by Cousin_Gerton Jun 17, 2010 9:21am
463 Views
Post# 17197166

6 holes drilled and pending

6 holes drilled and pendingThe news from Tues reported that at the time 6 more shallow holes were drilled and results pending from the very early start of an 8000 metre program. It also stated that all holes were mineralized with the "right stuff" showing and Visible gold was also being recorded. Since that 1st release reported only on the 1st 2 holes, I believe that this early NR must have been put out so early to show that the expectations are high for some more good numbers. It seems that reporting of plus 1OZ per ton grades has become so common that MOA investors have forgotten actually how big these numbers are today with gold trading well above $1200/OZ. A ton is actually a very small amount of rock. An average size pit truck would easily carry 40 tonnes. This makes just one truck load of the good stuff worth about $50,000!(and It only takes a very few minutes to fill one). These are big numbers here. Before too long others who have never heard of MOA or going to discover this. Once they want in, shares will become harder and harder to pry out of current shareholders hands. There are only 30 million shares outstanding and most of these I believe are locked up for the long term and significantly higher prices. This is a recipe for some big moves up...my thoughts, G.Gert
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