RE:More Gold at DepthDam, had it just been 16 grams we'd be flyin !
The problem is we are adding Oz. to an unknown quantity of Oz. so it's meaningless, at least to a Co. that's alreading trading at $ 900 Million market cap.
PGM is over $ 1 Billion market cap and they only have 2,000,000 Oz. indicated and another 500,000 inferred so unless we don't think we can compete with that I don't understand why we aren't considering doing a preliminary resource model on only a fraction of our LP.
As I suggested take 10 % or 400 meters of the LP and create a model with indicated Oz. and even at a low of 2 grams we should get close to 2,000,000 Oz. and we would still have the other 90 % of the LP as blue sky and that's not even considering anything beyond 4000 meters of strike. Nor am including the Hinge and Limb which are looking more and more like a high grade multi million Oz. deposit in it's own right. We've got our very own PGM at the H & L and quite possibly much larger and that's excluding the LP entirely.
Retail certainly don't have the horse power to move the stock any higher and I'm getting the impression the Institutional guys are looking for more, they need a floor of a solid 2,000,000 Oz. so they can justify our current cap and once there they can justify adding significantly more market cap based on the obviously huge remaining blue sky.
Maybe the model will provide the answers and allow the funds to buy more and sleep at night too.
Malpeque2 wrote: Ho Hum.