PINL:VLTAF - Post by User
Comment by
ALLEN4on Jul 12, 2013 3:34pm
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Post# 21605072
RE:RE:To: goldflow and venturetrader1
RE:RE:To: goldflow and venturetrader1First, 1500 to 1600 gold was not that long ago, and not that far from here in my opinion, so that does not scare me. Second, what you say about the Kiaka deposit can be said about almost all major deposits out there and in fact it is being said about most major deposits out there, and in fact we probably do need a higher price of gold to make gold mining a viable business; there is nothing unusual about Kiaka in this respect. Finally, the nature of the Kiaka deposit, which we know in detail due to the extensive work done on it, is that there are identifiable higher grade zones which can be targeted and developed, and the release this morning indicates that the company is going to use the data from the almost completed BFS to reconstruct the project in the near term and focus on something smaller than the grand 5 million dollar mine; that can wait until we have higher gold prices.