GREY:TWNNF - Post by User
Comment by
dogwagon Aug 21, 2011 9:32pm
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Post# 18965398
RE: Re: Dogwag
RE: Re: DogwagALEX ,GLD does not have 10 million ounces but neither does TRR.Trr is only offering 6.6% of their shares for GLD.WE do know that GLD has over 1 million ounces 43-101 compliant and TRR has 4.2 million ounces 43-101 compliant.That ratio is .25 not .066.This offer( not withstanding GLD having 7 more times the land mass than TRR) would mean that TRR has over 15 x the gold GLD has and it doesn,t so don,t tell me TRR has over 10 million ounces plus because you have no proof of your statement.I agree they may have more than 4.2 million ounces but even that is suspect with only 47 holes to prove this with spacings of over 100 meters.GLD has drilled 917 holes to prove their case for 1 million ounces so which one is more reliable.I,m just saying that GLD should get a larger % offer for their properties and GOLD.Somewhere between .20 and .25.And you are also wrong that 200 meters gives them a lot of room.They hit their best holes down to 500 meters to the north and being less than 200 meters from GLD border and at a 45 degree angle they would need a minimum of 300 meters of GLD land and as DIGGER stated ,they have not drilled anymore holes as they are very certain the resource goes even further north to GLD properties.Write FACTS NOT FICTION.They are out there for us to use.