RE:RE:Are you not concerned?You should be concerned. Investing in junior mining companies is very high risk. When it becomes a sure thing then you are too late because the removal or risk will be priced in. If you have it right then there is a huge payoff. If you are looking for a quick turn around this is not the place to be.
For Moosehead it is to early for a resource estimate. All you have is comparatives.
Moosehead drill results to the Kenorland study of discovery hole to eventual golld endowment of 83 primay gold deposits in Canada indicate Moosehead enowment may exceed 5 million ounces.
Another comparison is to Kirkland Lake's Fosterville mine in Austraila. Sokoman's rocks are comparable to Fosterville.
Another comparison is to Labrador Gold which Newfound Gold bought out recently. Sokoman's drill results were considerbly better than Labarador gold. Sokoman has the best drill results after Newfound Gold.
Another comparison is Sokoman is lying along the same Valentine Lake fault as is the Valentine Lake mine development to the south of Moosehead.
Another comparison is Sokoman's rocks are the same not only to Fosterville but also Newfound Gold that is on the Appleton Fault to the east of Moosehead.
Another consideration is that the Valentine Lake and Appleton faulting that streach SW to NE across Newfoundland are the result of ancient crustal movements.
Another cosideration is Eric Sprott taking a huge stake in Moosehead based on his expience and access to expert geologists.
Another consideration is the rise in the price of gold and a rise in acquistions.