OTCPK:MEAOD - Post by User
Comment by
mstettleron Aug 11, 2016 12:29pm
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Post# 25131311
RE:Osisko Mining and Barkerville Gold
RE:Osisko Mining and Barkerville GoldWhat else is interesting is that gold standard ventures has doubled it's share price since monday based on the last intercept returning 126m at 3.95 g/t from 165m below surface. It's a great intercept but it really shows how irrational these markets are.
Last year TMM twinned a previous hole on anna paula with the same result; 200m at 8.33 g/t right from surface. That is just an eye popping intercept.
Dark star has so far has indicated and inferred 1.7M oz grading ~ .57 g/t using a 0.2 g/t cutoff. At a cutoff of 1 g/t this falls to 240K oz at an average of ~ 1.3 g/t. Most of these are inferred oz. so only a portion will get upgraded to indicated. They have nothing in the measured category yet. It is on the carlin trend.
Anna paula has M&I 1.86M oz at an average grade of 1.4 g/t, mostly in the measured category. It is on the guerrero. Anna paula already has the pea done and currently completing a full fesibility study.
Gold standard has a 700M market cap today (more than some mid tiers)!
Timmins is 230M. Oh, and also has a producing mine with another million oz.
All this is to say that the market is very distorted right now and people get completley irrational based on news flow.