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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Bullboard Posts
Comment by Alcuinon Dec 20, 2002 2:02pm
169 Views
Post# 5699509

RE: The Gold Deposit at Valentine Lake

RE: The Gold Deposit at Valentine LakeLet's be realistic here, Manzare - while there have been interesting drill intercepts on the VL project, the thing is in the very earliest stages of drilling. To suggest numbers, especially drill indicated numbers (as opposed to inferred, which would still be dicey) at this point is simply misleading. I realize that you said someone else did the calculations, by the way. Potential for a large commercial deposit? That's really stretching the facts that are available at this point. It's possible, but, with the information now to hand, unlikely. Think about how many projects such as this actually become mines - look at 3 million ounce prospects (such as Placer's Salamandra, dealt to NGT for a few million) which sit on the shelf. VL needs a lot more work to have any bearing on MOA's share price, just like EET's projects in Mali. I know AS wants to JV VL, but I'd fall out of my chair if a major producer got on board at this point.
Bullboard Posts