RE:Raising working capital in the future...Appreciate your post and concern BUT, please explain to me how this hole - their richest to date on JT:
- how this doesn't raise the prospects of re-rating a deposit which is already one of the HIGHEST GRADE 1Million ounce + gold deposits in the world?
- How it’s a bad thing that it’s amenable to mining from below (gravity assisted), which means that it would have a cost of $500-$600 an ounce? This deposit can be mined without a mill, and shipped by barge to a neighboring mill
- meaning tons of profit either for the acquirer or for High if they go it alone
- Explain to me how JT with its exceptional thickness and grade, made even richer by this in fill hole wasn’t a worthwhile pursuit in its ability to upgrade the deposit with a few more holes like it, to fully prove that, drilled the other way, the system, is richer than previously understood?
- Explain to me how this in fill hole was a bad thing when it uncovered that JT is bounded by a fault to the south (unknow before it), and how this incredible endowment may have its extension in this southern zone?
I for one interpret this hole as the fruits of the labor of a highly capable and intelligent geologist, who is constantly thinking and refining his understanding of the system, to maximize shareholder value, and I for one, believe this news was intentionally brought out first to demonstrate, that they have an even better handle on JT and the implications for it’s look a likes, 4km away in DC & Milkbone.
I also believe that the ensuing holes at DC (Ellis Zone) and Milkbone will highly likely show another hole or two of 500-1000g/m outside the current areas, which will push the stock back between the 1.50- 2.25 range, and another financing WITHOUT warrants (thank you Darwin) will get done for $15-20M, for next year in Alaska.
All of this will likely occur before end of Jan, and then the next wild card , i.e., decision on what to do about drilling YUKON will be revealed. What people are fully discounting is their ability to go at it alone adjacent to Snowline’s recent outstanding discovery…, and then just like that HIGH will no longer be a seasonal play, but a mature UNDERVALUED play in two of the most important gold hosting regions in NA history.
For the record, we’re long and upped our position 22,000 shares today.
GLTA HighGold shareholders and thank you for your responses.