RE:RE:RE:PP closes in 2 days?I'm looking forward to the treasury having enough money to drill for the next couple of years. If they continue to prove up stellar results like the discovery hole, then we can expect additional drill rigs above the two that they currently have. And they'll burn through the money faster, but I would anticipate the stock would run to higher levels, and they would do a major financing in the future.
But before we get ahead of ourselves. They have to contend with a lot of rain and flooding at the moment. They will be in and out of the property on a regular basis depending on whether. I hope they're diligent with their dollars and only drill after doing significant analysis on the assays as they come back.
I have not seen many holes like this if any in my lifetime. It's low grade but it's constant. I remember when IMA found Navidad… The stock took off. But the value was not in the high-grade deposit that they found at Christmas tree hill. The real value was in the low grade boat deposit at Galena Hill.
I am pretty confident that they will have many follow up calls that will show continual constant low grade gold. I believe they have something significant… The question is how big will the low grade deposit be and how many different higher grade targets will they find on the property as well. The mix of the two should certainly be economic, and could be come a monster.
But don't expect results anytime soon… I anticipate they will drill a few holes and then do lots of analysis before picking more locations. Maybe in 2 to 3 months we will have some results coming back. Don't expect anything in the next 1 to 3 weeks… That's just being impatient. They haven't even started drilling new holes… But soon they will.