RE:RE:V-22-007
RazorRamone777 wrote: Yes, I am the guy who called 300m of 2.2g/t on Aug 9. Pretty darn close, for an old guy! As hard as it was today, I sold most of my position here. After looking over the N/R I realized that this section of 007 had by far the highest density of quartz veins for the longest section of ALL the holes shown in Fig 1,3 & 5. I think the market will expect more of what we seen today, and will not get it. GLTA.
Yeah nothing wrong with taking profit. I still have my full position because I think the Valley deposit is much larger and better grade than that of Victoria Gold's Eagle deposit which has a resource of 4 million ounces. That company has a market cap of about $700 million and I do believe Goldcorp paid $520 million for the Coffee deposit (now owned by Newmont) back in 2016 and it has a resource of about 3 million ounces. So my thinking is the Valley deposit will be well north of 10 million ounces so a gold major might pay one billion dollars or more for what Snowline has. I know it is a bit early to be thinking a buyout might happen but it wouldn't surprise me if somebody steps up to the plate and takes out Snowline sooner rather than later.