GREY:OGLDF - Post by User
Comment by
future66on Jun 21, 2016 9:18am
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Post# 24982960
RE:RE:RE:Insiders buying a lot of small chunks...
RE:RE:RE:Insiders buying a lot of small chunks...Yes. The 90m drill results last summer and unending with 4 gpt gold were amazing and it stands out when compared to their previous average of 0.6 gpt.
It shows the geos there know what they are doing, as they built new roads to this new northern area and hit the jackpot. They have been working at Kilgore for many years now, so they should know it well.
This summer they are due to drill more than double the amount last year, which again shows their confidence.
The best way to get noticed is to deliver brilliant drill results. So if they do that again this year, then they look cheap today valued under $20 per ounce for the gold in the ground and that is before the new drilling takes place, which should further add to the asset size and grade. And they quote production costs of $750 per ounce, so margins of over $500 per ounce at todays prices.
This looks like it has potential to go all the way..............