RE:Questions Moneyman711 wrote: I bought some stock today not down much and could care less. I'm letting it ride wether I go broke or make a lot. My questions are..
Have they already drilled other holes and are now just awaiting results on the other holes? If yes, how long does it take to get results.. days, weeks, months, years?
If they have not drilled other holes already how long does it take to do this and get results?
Is 100-200 meters considered an open pit mine, if so how far down do u go before not being an open pit.
If these results are duplicated with results from next drill hole what are the chances this thing takes off? And then how long do people figure before mining starts
Drilling is ongoing as we speak and further assays can come in the next 2 weeks. I doubt it will be an open pit style of mining because the good grades are very shallow after 80-100 meters, meaning your cost per ounce will be very high until you hit profitable grades. Nobody knows for sure until we have a resource estimate and a PEA, which can take a minimum of 12 months from today. Going to your question regarding the prospect of mining this gold deposit, it will be 3 years before the crew ever mines an ounce of the yellow metal.