GREY:PCGLF - Post by User
Post by
Beefeater41on Apr 18, 2011 9:54am
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Post# 18445704
PKL Resourses
PKL Resourses The resourses announced today may have disapointed some. I myself felt that there would be at least some resources in the " measured and indicated" Catagory. However, what has been declared here is an " Inferred Estimate" of what the company inherited from the previous owners and operators. Remember this mine is still flooded and all exploration work has been carried out above ground so far. The real potential in this project from my perspective is in the on going discoveries. This mine is far from giving up it's secrets and as time goes by more discoveries will be made such in the manner that we have already experienced. I am considering the 1.26 million ounce Inferred resource just declared as a bonus on top of what is to be discovered. As with all these Junior Mining Projects " Time and Patience" is needed. Bottom line " We did not hit the mother load today" Sorry!. Happy Investing