OTCPK:ICNOF - Post by User
Comment by
imavikingon May 19, 2011 11:03am
448 Views
Post# 18600320
RE: RE: BUY ALL YOU CAN
RE: RE: BUY ALL YOU CAN$300/ton costs to mine??
Where are you getting your numbers from?
Since the next door property is going into production with $50/ton rock, the costs per ton would have to be about 1/10th of your figure.
This Church Zone is an open pit target, that's why it was drilled. It wasn't drilled to twin old high grade holes like people here keep repeating. There wasn't any multi ounce ore found here before and none was expected. They will however expect multi ounce intercepts in other areas of the property, eg. Red Hill has at least 17 of those super high grade hits from past drilling, that is just what I can count from the presentation.
Why everyone is afraid that this is a one hit wonder baffles me, for one thing...it's 2 hits already of multi ounce, out of three holes drilled. Where none was expected.