PINL:VLTAF - Post by User
Comment by
stayhumble1on Jun 29, 2010 12:46pm
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Post# 17231092
RE: Economically Viable Mine
RE: Economically Viable MineAn interesting initial reaction by some.
The historical resource drilled to 300m was 2.65 m oz estimated by Randgold. Kevin Bulloch has consistently stated that Volta hoped to prove up 2/3 of that amount by drilling to only 200 m. for this 43-101 which would result in approx. 1.75 m. oz. Today, Volta comes out with a compliant resource of 1.864 m oz (and as Eebler notes, some of it at a higher cut-off).
Disappointing? Based on.... ? My guess is that you will see the institutions gobbling up the loose shares from 'disappointed' shareholders.
Onwards and upwards and looking forward to some results soon from south Kiaka.