Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Comment by CWGriswoldon Apr 24, 2012 12:31pm
215 Views
Post# 19829105

RE: RE: RE: News

RE: RE: RE: News

I believe the reason that the strips are important is that the Mascota/Bodega mining plan is significantly compromised  without them. 

If they try to open pit, not only will they have to create multiple pits around the strips but because of the pit wall slopes and setbacks they will wind up leaving large amounts of resource unmined.  

If they try to go underground they will have to create multiple stopes to get at their resource since they cannot cut through the strips underground. 

I think one of the main reasons Galway is drilling the strips might be to prove their viability (ie. opposite of destructive drilling).  This way Batista cannot make a case that the strips hold no economic value and should be surrendered to allow unencumbered development of his resource.

<< Previous
Bullboard Posts
Next >>