GREY:TWNNF - Post by User
Post by
digger144on Jul 11, 2011 9:32pm
789 Views
Post# 18820516
One Step Closer.....
One Step Closer.....
.....to The Main Event!
This is the deal that the market was waiting for!
I have known for sometime now and I have mentioned this on previous occassions that....Trelawney most definitely needed the Augen Gold Claims in close proximity to the Cote Lake Deposit to the North..North West of Mega Hole E10-33...520 metres @ 1.44 g/t. They will now spot a couple of drills in the area between the shared border and the last holes drilled in the area...I believe they will add on about 1 million ounces between them and the shared border.
In order for the Open Pit Design for Cote Lake to achieve the most economical and result in the most effective plan to extract the most gold required at the least, two claims along the shared border with Augen Gold and the market knew very well that yes they could procede with a design that involved only Trelawney Land...but...more than likely 2 million ounces of gold would be left behind.
This move will remove the "overhang" and the potential buyers will begin to line up!
One...Bidding War...coming up!
Digger144
P.S. I am holding a significant position of Augen Gold and to be honest...I am very disappointed
with the deal....not the outcome I was looking for!
However, I do realize the importance of this deal and the benefits related to my large position
in TRR.