KN the Politician You should be a politician KN with all your 1/2 truths and lies on this board and GER's. Got another feeling coming that GER should move up with DAN, give me a break. Have to admit the recent GER drill results are decent, but not overwhelming. Why do i say that, well the deposit has close to DAN's Paul and Zone #2 grades, but the find is only 1km long. Need the drill to prove it is lenght. Will the grades be better, doubt it, most Geologist go after the best first to prove the result. Still it is a reasonable deposit.
But let me remind you, and since you talk frequently to Bernard you know this. DAN has seven distinct Phosphate Zones, yes Seven
The two primary zones right now are Paul (4km longx 500m widex400m deep) and Manouane which is slightly small. Both zones have 410mm tons of proven and probable, and the drill is still turning....drill baby drill.
Then we get to Lucie Zone (2km long), Nicole (1.2km long), Lise (1.1km long), Las Traverse (.5km long) and Zone #2 (1km long). All drilled and showing excellent grades. Still all required more drilling. I have been told they are hoping to prove out over 1bbn, that is with Nine zeros tons.
The DAN deposit is truly a WORLD CLASS find that the market is beginning to take interest in. Talked to an Investment guy at a large Mutual Fund company and they are taking a look at it.
Your concerns about the PFS information on the cost of the project is legitimate, but again not entirely correct. The project costs represent true costs that the company wants to see up front. Many mining projects in Quebec and Ontario are going way over budget, so the true costs of construction must be brought forward. The BFS will again show that.
For you to say that GER is cheaper because it is closer to water, roads etc. is plain dumb. Until the Engineering is done, that is only speculation. You do not even know the quality of the resource. DAN sent tons of material to third party consultants to confirm the quality of the Phosphate and Titanium. We know it is a premium product and the Ti stuff is coming out shortly. Good news should be coming there. GER is 2 years or more behind.DAN at this point.
The company has announced the mine will be 30 years, in the spring you will proably hear it will be a 50 year mine. The production rate and life easly absorbs the initial construction costs. That is something any project person knows, and the mgmt team of any company interested in buying.
Finally and in my opinion most important. Why have Non-disclosure Agreements been signed with a number of firms. DUH!
Obviously your unrelenting pumping of this GER and the DAN putdowns is an attempt to get back losses from purchasing at much high price, and for that i feel sorry,....no i don't.
In know way am i putting down the GER company, only your persistant and frankly dumb comments that are based on speculation and a prayer of hope, a desperate one at that. GER investors should be pumping DAN because if DAN is successful, it will bring even more value to GER should the Phosphate deposit at Moose Lake prove viable, and we are a long way from proving that out.
But there is hope, I got a feeling!