GREY:BYVVF - Post by User
Comment by
jailtraderson Jan 14, 2013 2:29pm
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Post# 20835842
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Bluest
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Bluest Toasted2 said:
"Blue...How many ozs have you calculated that sit on the Burn's block so far...I'm interested to hear your volumetric calculations?"
That's the million dollar question. If Blue can answer that we would have some idea as to what potential this SP has. Jim Pettit promised an NI43-101 resource count in 2011 but failed to deliver. Maybe Blue can enlighten us.
Toasted2 is right about the immense cost of setting up a mine to extract gold from depths hundreds of meters + deep. I was under the impression Rainy River was planning on building an open pit mine for surface mining. If so, the higher grades found deep under would not excite them too much. The surface gold average of Bayfield is not too exciting to say the least.
Therefore a resource count is imperative for investors to get an idea as to how much RR would be willing to pay for a property that would be connected to their pit. GLTA