VoltaCouldn't agree with you more Coalminer!
Volta's been beaten up the past 8 trading sessions and has still yet to close a day in the green for 2011.
At our current market cap of $285 million I believe we still have huge upside potential for 2011 after looking over the recent presentation on their website. Kiaka already has a resource of 1.5 M oz and another 500,000 oz inferred but the recent results from Nassara show we could have another deposit of over 1M oz with strike length already traced for 2.7 km by trenching. With a $15 M dollar exploration budget this year I think we could easily double our resource looking at the results released so far this drill campaign which would be fantastic considering we have an updated resource estimate scheduled for sometime in Q2 this year.
Infill drilling results not included in past Resource Estimate:
- 63 m @ 2.68 g/t, 115 m @ 1.06 g/t, 79 m @ 0.98 g/t, 84 m @ 1.56 g/t, 72 m @ 2.15 g/t, 33 m @ 1.93 g/t,
75 m @ 1.35 g/t, 49 m @ 4.3 g/t, 32 m @ 1.0 g/t, 30 m @ 0.98 g/t, 21 m @ 4.07 g/t , 125 m @ 1.27 g/t,
146 m @ 1.26 g/t, 127 m @ 1.17 g/t, 132 m @ 1.07 g/t ,138 m @ 1.13 g/t, 202 m @ 0.87 g/t
Not only do our grades seem to be getting better as well as more consistent since our 43-101 but the intercepts all seem to be of decent length and if our original 43-101 was only based on 25,000 metres of drilling and came up with 1.4 M oz indicated and another 500,000 oz inferred I believe we'll get a serious re-valuation with 50,000 metres underway almost double what our initial resource at Kiaka was based on.