RE:RE:RE:LADMr. Urbani, without a doubt, it has been my experience, to take all predictions/goals of a Venture resource company and cut it in half......and then size up the balance with great caution.
And with respect to Stockhouse board member predictions/targets........cut out 3/4, and then size up the balance with great caution!
But out of curiosity, which deposit/zone is it you believe will become their open pit mine? And just how much Capital Expenditures do you think is required to build and commission a LAD or EQT 20,000 oz gold leaching operation?
I put this question to you Mr. Urbani, for neither company has completed a scoping study and/or preliminary economic assessment in order to determine such a CAPEX figure.
Urbani wrote:
Murray - Like you I've been watching this property for almost 20 years now. I can tell you if I have those numbers for 2017 of 20,000 to 30,000 ounces of Gold will be mined VIA open pit, that is probably a little under what LAD will do.
Not hard to figure out, at least for me. I do have a paper file I went through today on that property and area. LAD is looking very good at this point.
I hope for a JV, but LAD is not going to give up 1% of this anytime soon. So 2017 seems the time they will be ready to go.
.065 cents, I have being buying.
Bought a bunch at 6 cents. I agree there is a lot of shares to chew through, but if the volumes stay high, I don't see it as much of a problem after this summer.