RE: RE: 938 metres gold/copper
We have open deposits at Heruga and Hugo North Extension at depth, plus they are not fully deliniated on strike ... the resources in the JV will grow. The high grade gold at depth is a vindication of the theory that there are higher gold values underlying the copper/gold porphry caps that form the immediate targets of mining development in the IDP.
I'm burning with curiousity to know the results of the Zeus survey which was commenced this Spring from Hugo North north onto the JV and thence into the mystery of the 8km or so to the airport showings. Imagine a chain of prime targets stretching over 10km on the northern JV ... pretty exciting but ETG has yet to see the market figure out what 20% of these mammoth potential and rich ore bodies means in terms of current market values when divided into our relatively small share float.
And how about some news on our 100% ground drilling program. The modest scope of ETG's exploration in the parallel trend of the 100% ground while frittering away tens of millions on acquisitions elsewhere has more than just me steamed up a bit.
On the other hand, remember that we have substantial influence of both RioT and IVN on our BofD, and the Caisse Depot as a major independent and informed shareholder - one has to conclude we are playing ball with some greater plans and negotiations concerning the ultimate size, scope, capitalisation and new capital partners in the whole OT complex.
ETG still holds the greatest leverage to the upside as far as I can speculate ... but this waiting game is a test of patience to be sure. We have the goods, just not the accurate recognition of the market?
CG