GREY:CRXEF - Post by User
Comment by
Durkastanon Oct 06, 2010 8:01am
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Post# 17533647
RE: RE: RE: RE: RE: what does 13.3 g/t gold mean
RE: RE: RE: RE: RE: what does 13.3 g/t gold meanSorry, but you guys are just plain dreaming about a buyout at this stage in the game, and you need to give your heads a shake.
This is a small, mostly unproven property with a couple of holes drilled. There just is no comparison to AND, which was a well established company with proven reserves and a TON of drilling completed on their properties.
I see this same crap on every junior board I frequent. Everyone wants a buyout and thinks they deserve it. Sorry guys, there's a lot of work to be done here yet, and considering the snail's pace at which these guys move, it'll be a few years before we even have pre-feasibility done
I'm long this play but I have no illusions. There's some great potential and some of the nicer drill results I've ever seen from a company this size. But it's been 2 months since the last drill results, which were themselves just the extensions of holes drilled many months earlier. The truth is that this new hole #3 is the first new hole drilled in almost a half a year. That is painfully slow progress for a play with such potential.