GREY:GBRIF - Post by User
Comment by
longtoothon Sep 21, 2011 6:24pm
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Post# 19068768
RE: RE: Hate to disagree ‘fungi’...
RE: RE: Hate to disagree ‘fungi’...varlagom, you show passion so i will give my two cents worth. my thoughts are that you understand investing and the brokerage system on a professional level but do not understand exploration or mining on a professional level. so i am listening to what you say on the share price.
on a development and exploration front i see things differently. i think that it is fine this company has spent a lot of money to develop and re-develop some properties, and discover and rediscover some mineral deposits and re-open the mill as that will possibly help for the long term plan to develop the belt (i am speaking on the level you are, 20 years). however, i also think they did not have the horsepower or understanding to develop enough of a reserve in the last decade to be able to conduct sustained mining for more than a year or so. i think right now they are high grading what they have at the expense of the longer term just to be able to say they got into production. but to what end?
time will tell i guess but the tip off is always the stated reserve. that said, good luck to them and their share holders. perhaps they will find a bulk till sample with a pound of gold that will lead them to the next big discovery.