GREY:LBEFF - Post by User
Post by
hank2010on Jan 23, 2004 2:47pm
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Post# 6943043
Hi sedar!
Hi sedar!Sounds a little harsh- "or the GAME would be exposed."
and I reckon you could say the same about some of the responses to your post.
I am not too keen on McAra. Comments about production at this stage scare me.
Inco is drilling their Redstone - you have to agree that is legitimate, and IMO might be worth a lot more than 30 cents a share by itself.
As for McWatters. There is a historical ore resource figure published. At these prices, and shallow, that is real interesting.
Ludwig is a qualified person and the NR states that the "historical resource estimate does not comply with NI 43-101 standards." That upper zone of 415,450 tons @ .85 @$6.50/lb ni would be worth $110 per ton. the lower zone of 144,165 tons @ 2.17 would be worth $282 per ton. I think Ludwig is justified in doing the drilling necessary to bring that resource figure into compliance. Maybe you are aware of something that i am missing. If so, would appreciate being brought up to snuff.