GREY:COLUF - Post by User
Comment by
Boot1on Dec 13, 2013 8:28am
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Post# 22002181
RE:thats the reason the bigs bought.
RE:thats the reason the bigs bought.My only concern about the NI 43-101 is that they are posting the resource for the next years worth of mining, not the entire CMZ and surrounding folds. The ore body is pretty well delineated, and they have been doing underground drilling to tighten the intervals (as is appropriate for high grade ore bodies). Sure, I've done the DD, and run these numbers without modeling software, and not knowing the ore density. (The numbers are still eye popping even with the most conservative of efforts). Will the tonnage reported for the next year of mining be big enough to grab the attention of the investing community? Will they/we understand that this is a year, not the entire ore body? If they report something like 100, 200 or 300 K Oz, will investors understand that this is a YEAR, and not cry wolf, and say that this was a sham, because the number isn't over 3 Mil Oz or some such. I normally wouldn't care about how everyone understands the NR, and have been in/out of this stock for several years. Love the rock. My problem is the SP vs a need to cash up again. I just hate seeing the SP so beat down, when they've come so far (albeit painfully slowly).