Is Colin Padget more valuable than our property?Thought is the true source of all wealth. Reading the quote from our CEO in yesterday’s press release, it seems not all of our company’s potential value is in the ground in Suriname. Modest and unassuming though he may appear in interviews, Colin Padget could be an equally underappreciated gem.
A typical CEO’s comments usually contain nothing with unique, immediate implications for the share price. But Mr. Padget, in under 100 words (!), touches on several different topics, each of which ought to bring added investors to our company. Some items are already known to careful readers, but our executive wisely takes the opportunity to repeat them for first-time observers.
- Mentioning the potential of an 8 km strike length - plus additional artisanal workings - lays the ground perfectly for the claim of the potential for a world-class gold deposit. If investors dream of successful elephant hunting, why not showcase how we’ve got plenty of the “stuff that dreams are made of”?
- We can now do the full math on the lab turnaround time. We know the 1st hole was complete (with core yet to be sent to the lab) on July 6. Assume the 3rd hole cores arrived at the lab on, say July 11 or 12. Its results were reported yesterday. Allow for another 48 hours to prepare and proof a news release. That implies the lab takes 14 days or less. As promised. Perfect for impatient investors, which may include upwards of 50% of us.
- Finally, the reference to our property’s suitability for an open pit mine ties the whole thing up nicely. I am no expert, but I assume open pit-able properties are generally cheaper to put into production than underground mines. Thus, the FDR resource fetches a higher per-ounce sale price.
Padget either has a very good speechwriter, or is smart enough he doesn’t need one. Possibly both. And definitely smart enough to know how vital good, frequent shareholder communication is to a successful exploration company. I can’t wait to see him at the next mining conference.