RE:RE:RE:compare FKM to explorers in the 8 cent range or higherwinr88 wrote:
Managment have said the 43-101 is due in January this year. Soon I hope. It has been in the works now since early last year. I think it's early to talk about major miners but I guess that depends on indicated oz of Au in the resource estimate. Much of the drilling has involved deep (500 to 1200 meters) so block caving will likely be the method of mining should this become a mine. 3 million oz of Au is the minimum ounces required for a block caving mine. My personal estimate or guesstimate of ounces in Hendrick is over 2 million which is a great start towards a mine. Surface ounces in GP and Morris I am estimating between 400,000 and 500,000 oz of Au. ( That's including the previous 43-101 on GP of 240,000 oz Au) That alone should help the share price appreciate. It appears that the shorts have a wall at 9 cents so some good ounces in the resource estimate will be required to shake the SP out of the 7-9 cent channel.
Ok for what I'm seeing here and what has been reported by this company you would think the share price would be much higher especially when there will be a 43-101 within a fortnight. Blimey, right now high teens to low thirties is where this should be trading, could be penny flippers have kept this one down and killed the goose.