Hey Neighbour,Look at what our Neighbour had to say. Then go to CHU website and see how close the neighbour is.
Keep this under our hats... This is the tricky part, do we buy more, or do we stand pat. I will be honest here, I was in early, sold my trading portion off recently at .37, bought most of it back the other day at .31, now wishing I bot more. I am going to assume we are not going to get the opportunity in the morning.. hoping someone comes in here tonight and bashes this thing and puts the stock up for sale. Hey I am happy either way. So if you wanted out, I say tomorrow you put up your stock and see what happens.
Today was a good day for Juniors.. lots of volume signals, I have a few I will be grappling with tomorrow.
I have started to use Twitter and so far I have found it may be the way to go to exchange info on the fly. If you have a twitter account and are into exchanging ideas, send it to me. I can be found at twitter.com/cdnmarket.
good investing...
OREZONE'S BOMBORE GOLD PROJECT HAS SUBSTANTIAL INCREASE IN SIZE AND GRADE
Orezone Gold Corp. has increased the gold mineral resources at its 100-per-cent-owned Bombore gold deposit located in Burkina Faso, West Africa, to 60.9 million tonnes of indicated mineral resources at a grade of 0.81 gram per tonne (g/t) for 1.6 million ounces of gold plus 60.6 million tonnes of inferred mineral resources at a grade of 0.96 g/t for 1.9 million ounces. "Bombore is now the largest undeveloped gold deposit in Burkina Faso, and it remains open at depth and along strike," said Ron Little, president and chief executive officer. "Orezone will immediately commence an aggressive infill and expansion drill program to further expand mineral resources in conjunction with completing a preliminary economic assessment."
The mineral resource update includes this year's 42,456-metre (619 holes) infill and expansion reverse circulation (RC) drill program that was designed to upgrade and test the limits of the surface oxide resource. The program was successful and also served to increase the continuity and grade of the fresh rock resource below. This unexpected and material change to the total mineral resource warrants a change in the company's approach to also consider developing the project as a carbon-in-leach (CIL) operation. The deposit is still open on surface where more oxide material is targeted. However, the potential to significantly increase the fresh rock mineral resources at a grade of one g/t or higher in the top 200 metres from surface is now an equally high priority. The company's board of directors has approved a short-term drilling budget of $2.5-million to commence core drilling and to secure additional drilling equipment. As part of this budget, several kilometres of new surface targets will also receive RC drilling. Orezone intends to continue with its plan of completing a preliminary economic assessment of the project by the first-quarter, 2011. The assessment will now include both heap leach and CIL scenarios.
The mineral resources were estimated by the company and audited by SRK Consulting (Canada) Inc. The mineral resources are constrained within 4.3 square kilometres of conceptual optimized open-pit shells (11 kilometres long and up to one kilometre wide) with an estimated stripping ratio of 2.2 to 1. Approximately 80 per cent of the total resource occurs in the top 80 metres, but pit shells can reach a depth of 200 metres. Resources are totally open at depth, and 90 per cent of the drilling to date is within 60 metres of the surface. The pit shells are based on a $1,025 (U.S.) gold price, relevant cost estimates for mining, processing, general and administrative, and detailed metallurgical results (reported in Stockwatch December, 2009) to estimate recoveries for a CIL plant scenario. The mineral resource model is based on a total of 120,605 metres of RC and core drilling data compiled up to August, 2010. The project is situated beside the main highway just 85 kilometres east of the capital city of Ouagadougou. Infrastructure in the flat lying area is excellent with a low population density and access to power and water.
"With 35,000 ounces of gold per vertical metre in the top 60 metres of the deposit, there remains excellent potential to significantly increase resources at depth as we extend the definition drilling to a depth of 120 metres," said Pascal Marquis, vice-president, exploration, for Orezone. "We have still not exhausted the surface oxide targets or the potential of lateral extensions to our current open-pit shells which will also receive more drilling."