GREY:TWNNF - Post by User
Comment by
Buckshot26on Jul 14, 2011 12:54am
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Post# 18829595
RE: RE: RE: RE: How big can Côté Lake get? Depends
RE: RE: RE: RE: How big can Côté Lake get? Dependsall in my opinion, please do your own dd. this is not investment advice.
Averill is a smart and decent ma,n but he missed the boat big here imo. A lot of us (people that have been following gold companies for decades) have had a hard time adjusting to the new reality of $1000+ gold. ie if you reported a result under 10grams per tonne back in the 70's or 80's we would have laughed you out of the bar. The reality is that 1 gram now represents $50+ rock. The reality is that if you do work outside of Canada you're going to get f'ed up the arse by either the govt or locals or whatever, so unless you have something truly special, no one is going to spend a billion or whatever in capex to get your foreign project off the ground. Sharing a logic like Stu's I missed Osisko, detour and rain river. Being a "gold guy" all three of these misses are hard to swallow. Eventually if you're in this game you have to change your metrics (imo) and start thing that gold is not going back to $280 an ounce and if it's not going back there, the economic threshold has to be lowered.
although gibson and his band of clowns have done everything in their powers to try to screw this up, cote lake is a WORLD CLASS DISCOVERY and in my mind in the top 5 of all takeout candidates worldwide (in the $1billion or better class). Stu fails to mention the success the company has had in the south west, most noteable of course being the 100m+ of 3 grams + ...that is a deposit defining result and as i understand it, follow up holes to that result are due in the coming weeks. last i heard, stu was working with rainy river, if there ever was a questionable deposit it is theirs ....so maybe jealousy ...maybe rainy river is going to make a move on us, who knows. all i know is this deposit looks in my mind to run around 10million ounces, and no amount of terrible management or negative hyperbole is going to shake me off of this horse.
glta buck