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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Comment by goindeeperon Dec 19, 2013 2:13pm
209 Views
Post# 22023619

RE:RE:RE:Try this

RE:RE:RE:Try this I watched it again and you are right.  The first time through,  I missed the "we hope to" qualification to having the resource estimate out by Christmas.


ContrarianValue wrote: Goindeeper,

I hope you are right and get a good return on your $120.

However, I really think he could have said "definitely before Christmas" if he knew it was coming out tomorrow.

goindeeper wrote: Thanks!  I guess I shouldn't have relied on bnn's search.

All I saw re: timing of resource estimate was Quartermain sticking to his "before Christmas" line.  I don't think he could have actually said anything else at this point.  It's not like he could have said "News will be out tomorrow" after all.

Sounds like they are classifying Cleo as one of the n-s trending systems (subsystems?) within the larger E-W trending Brucejack system and that they expected something like that there to provide the high grades they were seeing in the model.

So I am now interpreting that to mean that they expected something like Cleo all along and that was factored into the 4000 oz.  The fact that we came in at 46% higher is still great news.

Quartermain wassaying that the cleo subsystem is not a discrete vein; it splays etc as well, so it could also be that the bulk sample missed part of cleo too.

 




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