RE: Wilco Recap If you look at the drill assay reports (wilco) since the last resource update a few years ago, I think you will agree that:
a. they didn't drill very many core/rc holes per report
b. the high grade they found is in very narrow stringers
c. as far as I know, there was only one, or maybe two, thick intersections
d. all the high grade and most of the rest of the gold encountered was deep
For exampe, on June 7, 2010, they announced some drill results, the best of which 44.5 g/t au, over 1.5 meters, with the top of the ore at 312 meters depth.
My guess is that the Lincoln resource is what is going to push this stock higher. In fact, my guess is that Wilco sucks, and they are holding it up in order to release it at the same time as Lincoln.
I figure both Lincoln and Wilco will add 500,000 ounces au-eq. The problem is that this represents only a 1/6 increase for Wilco, and the new ounces will be just as undervalued as the current ones.
On the bright side, the Lincoln increase will bamount to a 100% increase in size, and the new total, over a million gold eq. ounces will push the deposit into the 'econiomic' category, and we will see a very nice pop to the stock price (maybe .15?).
So you see, it is very smart of them to hold up Wilco. It could harm the share price, and cannot possibly help, unless they add a full million ounces, which seems very unlikely.