GREY:GPLDF - Post by User
Comment by
shootforthemoonon Dec 17, 2010 3:26pm
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Post# 17863685
RE: RE: RE: HUGE NEWS ?????
RE: RE: RE: HUGE NEWS ?????5 million is the Measured and Indicated, there is also an additiona 3 million of inferred. That is 8 million ounces total for the three zones that are still open to potential growth.
Guanajito wasnt even completely assessed as there were four other areas in there that were not included, one of which is the santa ignacio that had a great hit which really spiked this stock.
Also this is one of the 2 producing areas, the other being Topia which the new 43-101 hasnt been released. The previous one had over 11 million ounces so there is a lot left.
The great part is I think this stock will pop on not just exploration results which we should have lots of but also on production results which is expected to continue to increase