RE:RE:There are many ways to look at this...I think I just like talking and learning about stocks...and I always appreciate a differing opinion. I am always open minded to those. So thank you GNH.
I didn't see anything in the last drill program that really excited me. The market suggests that others were not excited by the results either.
The Doliver mountain area. Drill hole 23-436 did report a nice half meter. But the other holes on that vein, 23-415 and 23- 426 did not report grades anything at all like that. They were poor results from those holes. So I am questioning your dimensions of 1100 m and 20 m. Where did you come up with those numbers?
Other holes a little north, 435, in the pit zone show uneconomic amounts.
They did drill north of the known pits as I stated. Several holes. Br 23-433, 439, 430, 431,427,402.... they are all north of the known pits, and none of them showed anything close to economic reserves. Several of the holes they drilled in the last program were not reported because they showed no mineralization.
As for the price of payback... yeah, I pulled it out of my hat like you pull the amount of gold in a vein out of your hat.
Remember interest rates are double what they were 2 years ago, and interest is a big expense. The cost of building the mine is way up. There is a delay in starting construction because of required permits. Prices will continue to rise. Have you ever seen a mine built where the price stayed at what the Feasibility study predicted, or do they always have cost over runs?
I'm not a trader....I wish now I had not sold at 8.5 and 9 cents. i hope for you all it goes higher. I've said in the past that if i miss out on this one, that's ok. I hold no hard feelings. And would like to see us all make money.
I thought about buying it again a week ago. And was surprised by the sudden rise, so maybe I missed out.
Good night and Good Luck!