GREY:MPRXF - Post by User
Comment by
loomisgoldon Dec 10, 2012 10:32pm
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Post# 20710902
RE: RE: RE: RE: who would have thought
RE: RE: RE: RE: who would have thought I could care less what value you put on that property.it is dead in the water. Just because you spend millions of dollars on a property doesn't add value to it. It is a piece of tie-on ground and if Goldcorp thought it was worth anything to them they would have owned it by now. They had a theory,drilled it off and it didn't pan out,I don't have a problem with that. I agree there is nothing more they can do with it unless Goldcorp wants it. I agree they should carry on with the other projects but they are not doing it. No drills turning anywhere. Re assaying old core is a joke for making news. All this will do is is give you a gold grade that is so low that it would be uneconomic if it were sitting in the middle of Thunder Bay. I'm sure they will make it sound good when they say they have 20 million oz. Oh ya but the grade is only .0002 g/t. Why do you think they have not given a PEA on that project since they have taken it on? They keep saying its coming but I am getting old and tired waiting for it. The market doesn't seem to put much value on any of their projects (or maybe they don't like the direction management is going in) and the market usually gets it right. They say they have $8 million in the bank, maybe its time they find another project to beat the drum on . They claim to have the best technical team around so they should be able to find some great projects in this market with that kind of money.