RE: RE: GLD Drilling NRI don't mean to be an a$$hole but no, the deal is NOT looking better and better for TRR. The NR from today was the sort of results you'd see from a .05-.10c junior, very preliminary and not really showing a whole lot of promise. None of their intercepts were even over 2.5m and they were 100-200m in the ground to boot, not even at surface or feasible to mine.
Basically there was nothing of value and in all honestly I think TRR paid the upper end of what GLD was worth, especially if those results are indicative of what GLD was going to keep showing. Realistically as much as many people were pissed about the ratio, you guys dodged a HUGE bullet on this one because I damn well guarantee today's NR would have sent GLD down below .20c....once again not being a d*ck just stating pure facts.
You guys were hoping the assays would come out 2 months ago and save you from the "poor ratio", luckily GLD held back and got the best possible deal they could when they knew their results were complete crap.
Either way, I honestly wish you guys all the best, I'm glad you didn't get completely burnt on this because it could have been MUCH worse. Take my word!!!
Cheers,
Gamblor.