RE:RE:RE:RE:Well that was nice while it lasted!Yes I find it hard to believe that they would have drilled a small hole and encountered all the gold that exists in that spot. That would be a lucky drill indeed. Certainly there is more where that came from.
Is there any chance they would increase the depth of the drilling here or is that a different rig?
As long as they paid well I am not sure I care that much who buys it. I figured KL's proximity would make them a natural choice but if K92 has right of first refusal then thats good too. They would have had to provide something for that right and perhaps that too is for sale?
Anyway you slice it (or drill it ) it looks like good times ahead.
GLTA
Lafajet wrote: Normally, an early hit like they did in Reedy Creek is a very strong sign, or they was extremely lucky. Even luck is a part of the game, i believe the team did a good work resulting in the great find. If they manage to deliver another result of the same calibre, which i believe, the market will start to show a more "fundamental" interest. Kirkland Lake's fosterville mine, which is neighbour to FSX Lauriston asset (sharing the same fault system) have a short- limited life, and they need to find a replacement, at least if they want to keep up the same pace as today. This mine alone stand for approx 50% of the total income to the company, and with an production rate of approx 600K OZ a year from this mine, the high grade portion of the reservoar will be gone in less than 3 year. If FSX can find a similar reservoar to KL' swan Zone, they would defenately be interested. Just my humle opinion.