RE:RE:RE:RE:RE:Kenorland Study Thanks for stepping in with the details Geezer21. "AlwaysLong" poster is just trying to keep the price down so he can accumulate more shares. As you noted, I wrote my Blog from a very conservative view point. I also used a $1500 gold price which is quite conservative when you look at the price this morning of $1742.
My expectation is that dilution will be minimal going forward. We may see Fleur de Ly option off for cash and stock. The big thing that Tim needs to get done is the drilling to connect the multi locations into one ore body and get the maiden 43-101 Resource estimate done. The RE will surprise a lot of folks because all the drilling we have done will result in higher Indicated ounzes vs inferred.
Muff
geezer21 - (11/9/2022 5:54:30 PM)
RE:RE:RE:RE:Kenorland Study
1) The Trans Canada Highway runs through the north end of Moosehead
2) Bishop's Falls is the nearest town. It is a one hour drive to Gander
3) Internal logging and drill roads
4) Muffin17's conservative valuation is based on the in-situ value of the gold in the ground, near-by infrastructure and labour. That is a starting point valuation that is realistic.
In addition, Moosehead is located in a good mining jurisdiction and the terrain is good.