OTCQB:GTAGF - Post by User
Comment by
99921on Feb 28, 2013 1:32pm
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Post# 21056608
RE: RE: News
RE: RE: News Curvature: Thanks for your informative post. I have no technical expertise in the mining business so I can't argue with your analysis. It seemed to me that the overall tone of this press release was positive, which is obviously the conclusion the writer wanted me to draw. The following excerpt sounds good to me:
The updated Resource Estimate represents a very significant increase in tonnage over the last Resource Estimate released in January 2009 with a most notable expansion of Indicated Resources that increased from 370,000 tonnes to 16.5 million tonnes (Mt) and Inferred Resources doubling in size from 22 Mt to 42 Mt (Table 1). Silver ounces also increased compared to 2009 and are now 31.6 M oz Ag Indicated and 83.8 M oz Ag Inferred whereas in 2009 Inferred silver ounces were at 76.5 M oz with only 3 M oz in the Indicated category.
My hope in owning this stock is that GOG will prove San Diego to be a valuable property to another company that could exploit it independently or as a joint venture partner. Again, with no expertise to draw on, I simply wonder why GOG's management would want to spend millions of dollars to increase their share in the property by 10%. They seem to intend to continue investing. The GOG market cap is around $10.5 million. In your opinion would San Diego justify a higher value than that or is the opposite the case? Is the company throwing its money away by investing there?