Careful with "high grades"Hey BeerRun,
Take a close look at those results from Cresco (CXT)...
The pros are that the depth is near surface, but... and a BIG BUT...
It looks like the width is quite tight, and most of that silver is found in only a tiny amount of ore...
The "29.3 m" intercept of "131 g/t" INCLUDES 2320 g/t over 1 m & INCLUDES 1210 g/t over .5 meters...
That means that 2320+1210 or 3530 g/t over 1.5 m... Now, I am not a geologist, but my thinking is that if you remove the small length high grade core from the 29.3 m intercept, you are left with 27.8 m intercept of 11g/t ... (120g/t "average" came from that 1m & .5 m intercept) ...You better hope that they develop a huge strike length or it would likely not be profitable to set up a large scale, long term operation. All that being said, It could be that they have found something, but I bet it is likely a high grade vein... They have a lot of work to do... I do not know much about the company, and have no shares, but be careful with "high grade sparse intercepts".
As far as SLAM... I am a little concerned that they are again biting off more than they can chew, with yet another property to work. However, I do trust management, and will continue to support Mike and gang for now. I actually like the idea of the new properties being in NB rather than far away. It would not bother me to see them focus in one province for a number of different reasons. As for the $20,000.00 payment... It seemed to me like not so much money for something that could be significant, however, that is not the whole story... There is other cash and shares involved as well which changes the equation. Of course, others might neglect to see the whole picture intentionally. Agenda is an interesting word.
Good luck to all!
Cussy, the Windsurfer:)