GREY:SPHUF - Post by User
Comment by
600voltson May 04, 2012 11:54pm
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Post# 19874638
RE: Enough is enough...good read
RE: Enough is enough...good read
5/4/2012 9:06:19 PM | | 30 reads | Post #31025725
The Poker flats may quite possibly have greater potential than NBFZ. However drilling blind 4-5000 feet to determine economics for underground is still outa range till gold can hold $3000/oz., at which point many other existing surface mineable porpheries look slam dunk.
Of course most know that Goldcorp at Red Lake is mining high grade (over 1 oz/ton) gold economically at 7,500 feet at todays gold price of $1,600. Grade is much more important than depth. If GV hits a high grade feeder that we are all hoping for, the area plays will benefit as well. The current grades at GV are not rich enough at extreme depth to help the area players.
stateside
Apparently, one feeder is located to the east of current drilling .. toward the border between GV and sph . Anyways, best to management, geologists and shareholders in the coming weeks .
600