GREY:KXLAF - Post by User
Comment by
red911on Mar 24, 2011 10:43am
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Post# 18333884
RE: RE: Facts are...
RE: RE: Facts are...And they don't have 18,000m of assays pending - they need to drill this first.
Dude they started drilling in January and have had 3 drills operating for some time. They may not have the entire remaining 18,000m pending but there are 1000s of meters of assays pending and drilling is ongoing.
Reserve numbers are not what drive the share prices or market values of exploration companies. Sure once a company has some they can be used to establish a 'floor value' but potential is what will drive the share price here. There are many pure exploration companies out there with no reserves that have a market value well in excess of
. That just about throws all of your calculations out the window doesn't it?
red911