OTCPK:ICNOF - Post by User
Comment by
imavikingon May 18, 2011 11:30am
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Post# 18594022
RE: For ARU...
RE: For ARU...Good points but on the other hand:
1.Sure these are twinned holes, but they don't look anything like the original holes. (which btw you can see the cross sections for in property presentation) Bad recovery on old holes? I don't know but something has changed.
2. This is Nevada not Ecuador. The neighbor's resource estimate (IMZ) employs a cutoff of .27g/t au . Where in the world can you use a cutoff like that? answer....Nevada.
I don't think ARU would have been taken out for such a low price, had it been in Nevada.
Also, when your operation is in U.S. your costs go down when Gold goes up. That's not true in most other jurisdictions. eg. Canada. your costs go up with gold price, because of the dollar.