GREY:LACHF - Post by User
Comment by
ak27on Jun 21, 2012 12:50pm
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Post# 20039837
RE: LA MANCHA DISCOVERS A SIGNIFICANT VMS LENS BEL
RE: LA MANCHA DISCOVERS A SIGNIFICANT VMS LENS BEL The NR confirms what the LMA longs believe - that VMS potential is multiple of the current resources estimates based on only three locations drillings in Hassai, Hadal Awatib and Hadayamet.
Today we have Oderuk and then Adassedakh and then Talaiderut and so on for up to 12 locations and counting.
The big question is if VMS potential, based on 3 locations drillings called for 5 million au ounces equivalent, then what would be the full VMS potential after exploring the rest pits - doubling or tripling of what we now have ? But that would translate into 10 or 15 if not more au ouncew equivalent and that IMO translates into one of the biggest discovery of gold and copper. With the tiny share float do you still doubt that LMA valuation is 4 to 5 times multiples of what we have now?
La Mancha long and strong!