GREY:OGLDF - Post by User
Post by
herbaciouson Dec 05, 2011 8:29am
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Post# 19291342
APPROACHING THE FINISH LINE
APPROACHING THE FINISH LINEWe are now in the final month of the year, tax selling ends in 14 working days!
lets review what Otis is all about!
The first 4 holes at Prospect Ridge have hit mineraliztion, marking the beginnings of the 2nd deposit at Kilgore!
The first three holes at Mine Ridge have hit mineralization, continuing to expand the existing Mine Ridge Depoit!
OTIS is targeting 3 to 5 million ounces of gold at Kigore!, thet will achieve this by continuing to grow the existing Mine Ridge deposit that remains open in ALL directions .
They have a near term target of 07 to 1.0 million ounces and given the open-ended nature of the deposit ,the deposit could well grow into the 1.5 million ounce range or MORE!
Secondly, Prospect Ridge, where they announced the discovery holes, is on strike with Mine Ridge and has a potential to hold a similiar sized deposit to Mine Ridge.
Thirdly, Gold Ridge is a target that was never drilled, but has the same geology as Mine Ridge (which is located several kilomertres to the southeast)
these three targets alone have a minimum 3.0 million ounce potential.
I expect a new resource estimate in the New Year!
There are NO warrants in the money, cash in the bank, drilling on-going, and the share price ridiculously low!
one should do their own
due diligence
herb