RE:RE:RE:Many years ago...I like the Hemlo comparison for obvious reasons. So we have 8,000,000 shares out, 6,000,000 of which is float and once the PP shares come free in February we will have around 13,500,000 shares out which is pretty dam tight. Add in the warrants and we are still under 20,000,000
If we find the source and do some trenching and hit, is $ 100,000,000 MC out of the question ?
And if we hit on drilling is $ 200,000,000 MC out of the question ?
Don't think so.
When I first bought GBR it had around 30,000,000 shares out and that was considered a tight deal but this is a real tighty !
Just hope they can raise the money they need while keeping the share count in check, finding some outcrop that runs decent grade would help a lot.
Hopefully they can get back on the ground in March but maybe that's a bit ambitious.
Any idea about access here ?
diabase1 wrote: Exactly Goaweigh. That's the way it was for the Rainy River deposit (New Gold), the Golden Pond deposit (Inco) and the Hemlo deposit (Barrick). Pristine crystals means that you're close to the source, but how far? And the direction of the glaciation can vary. So the pristine crystals of the Golden Sidewalk doesn't mean that they are right over top of the source. So a more detailed till sampling survey will have to carried out in the Spring, to the north and to the east. Or they can do an MMI (Mobile Metal Ion) soil survey, which detects elements right over the source.