Every sign this will rise well over a penny...1) Head honcho CEO been buying up like crazy..always a good sign.
2) Cash confirmed coming in regularly...fair sum ... lot's of breathing room for corporate activities.
3) Drilling/exploration on MRL properties and our Gold properties to commence...
4) We have a ton of gold...high grade..you have to read and see...gonna be lots of interest...great sample results...look for yourself...
Will attract or already have (insider buying) interest to get drill program going...news comes out never see a penny again...or 1.5...2... .
https://www.sultanminerals.com/i/pdf/2013-05-15_Kena43-101.pdf 5) Remember many of the higher priced jrs started like this...get on at these levels...risk/reward pretty goodat this level imo...
an excerpt from the website which u should peruse... "Preliminary Resource Calculations for Gold Mountain and Kena Gold zones, Kena Property, BC" was co-authored by Gary Giroux, P.Eng. and Linda Dandy, P.Geo (filed with SEDAR on June 16, 2004).
Over both gold zones, resource calculations have been determined using cut off grades ranging from 0.0 to 4.0 g Au/t (see Tables I & II). Management believes that a cut off grade of 0.5 g/t gold is realistic for an open pit mining operation at current gold prices. Using a 0.5 g/t gold cut-off the results of this initial resource calculation may be summarised as follows:
| Gold Mountain Zone: |
| | | |
| Measured + Indicated | = 5,490,000 tonnes at 1.040 g/t | (184,000 ounces gold) |
| Inferred | = 10,710,000 tonnes at 0.967 g/t | (333,000 ounces gold) |
| Kena Gold Zone: |
| | | |
| Measured + Indicated | = 6,330,000 tonnes at 0.969 g/t | (197,000 ounces gold) |
| Inferred | = 1,440,000 tonnes at 1.216 g/t | (56,000 ounces gold) |
Computer modeling done as part of the resource study indicates numerous untested areas adjacent to mineralized blocks. The report recommends that a $1.27 million diamond drill program be conducted in order to significantly expand resources in the Gold Mountain and Kena Gold Zones.
https://www.sultanminerals.com/s/Kena_Gold.asp