GREY:CRXEF - Post by User
Comment by
fairchijon Oct 07, 2010 11:35pm
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Post# 17543688
RE: RE: RE: RE: Fairchild - Question?
RE: RE: RE: RE: Fairchild - Question?I don't know enough about this to give a definitive answer but I believe that would generally be correct. The relationship between pyrite and gold varies and not all gold will be associated with the pyrite.
But it certainly sounds to me like they have hit a very rich and very long intercept. I really think this detail is below the radar of most investors right now but judging by the strong buying by a few, not everyone has missed that detail.
I believe this is going to attract a larger group of investors as word gets out. I have bought my fair share of this stock over the last three days. At 7g/t you are still talking about 1 meter of rock having a value of $600/meters at a gold price of $1100/ounce.
PS andora...good work digging through the details. I've printed out all the news releases to try and piece it all together. Sure would love to see an updated drill diagram. It seems to me they are not in much of a hurry to promote this yet. I guess they want all their buddies loaded up first.