RE: RE: RE: 9.1m of 10.3 g/t and 1.5m of 28.6 g/t Hi Roger
I've been holding Teras for quite a while now----and am patiently waiting on the drilling results.
My impression of the deposit is that its a large relatively low grade gold deposity (fairly consistent grades by the looks of it) with some added zing due to high grade veins. I think the thickness and continuity of the high grade zones will be the key in upgrading the overall oz potential of the deposit. Certainly the combination of low and high grade open pittable zones will be of interest to the more major gold miners.
With the very aggressive drilling program now underway---the plan may be to market the deposit/company---probably by spring-summer 2012 (contingent upon receiving all assays and updating the reserve report)
(my theory anyway)
I don't think this company is followed too much as it is based in Calgary, (as opposed to Vancouver or Toronto)...Management just seem focused on getting the job done as soon as possible--putting most dollars raised to work "in the ground"...I've had prior investments in companies that raise money and it seemed the sole purpose was to pay salaries after the fact. I like the fact that our management is putting most of the money in the ground with the intent of increasing the value of the company for its shareholders.
The speculative "story" remains intact as far as I'm concerned and I have built up a fairly substantial position with hopes of perhaps a 4-8 bagger in the next year of so. I think the next reserve update may assist in further refining the upside potential based on a NPV type evaluation.
Cheers and Seasons Greetings...
thomsoni