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"Dorex Minerals Inc is engaged in the acquisition, exploration and development of mineral property assets located in British Columbia."

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GREY:DREXF - Post Discussion

Cipher Resources Inc > DOX is undervalued

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Post by GDAWG77 on Jun 18, 2008 10:33pm

DOX is undervalued

You want to prove me wrong? then why is NCU trading at $2 a share when today they anounced very similar results to DOX. YOu know why? Two reasons:

1) DOX needs the other 5 hole results in order to move

2) anonymous keeps selling regardless of news

Here from todays news is NCU's results, so their Cu is a bit better, and they have TINY bit of Ag, but Au and Iron very similar. NCU also has more than double the float of DOX.

EAST DEPOSIT
                   Assays greater than 1% Cu

Drill hole   From     To Length    Length   Copper   Gold   Silver   Iron
#              (m)    (m)     (m)      (ft)      (%) (g/t)    (g/t)    (%)

NC07-27     467.7 476.4     8.7      28.5     1.27 0.134      2.5   20.7
            509.5 532.2    22.7      74.5     2.30 0.298      5.8    7.9
including   509.5 514.2     4.7      15.5     4.29 0.370      8.0   10.4
including   528.5 532.2     3.7      12.0     4.62 0.777     13.1   13.0
            542.1 550.1     8.0      26.5     2.16 0.164      8.1    6.6

NORTH DEPOSIT
                    assays greater than 0.3% Cu

Drill hole   From     To Length    Length   Copper   Gold   Silver
               (m)    (m)     (m)      (ft)      (%) (g/t)    (g/t)

NC08-01              Unable to complete to targeted depth
NC08-02     311.8 313.3     1.5         5     0.35 0.004      0.4
            319.1 337.7    18.6        61     0.51 0.007      0.5
            348.4 349.9     1.5         5     0.33 -0.001      0.4
NC08-03      48.8   61.0    12.2        40     0.48 0.011      0.5
            186.2 198.7    12.5        41     0.37 0.028      1.9
            216.4 217.9     1.5         5     0.31 0.013      1.6
            236.2 237.4     1.2         4     0.33 0.061      2.3
NC08-04     245.4 246.6     1.2         4     0.33 -0.001      1.1
            254.3 266.7    12.4      41.0     0.97 0.079      1.4
            278.3 279.0     0.7       2.5     0.59 0.037      2.4
NC08-05     164.6 176.8    12.2      40.0     0.58 0.116      1.5
            184.4 194.1     9.7      32.0     0.39 0.021      1.2
            208.6 210.3     1.7       5.5     0.49 0.012      1.2
            216.4 233.2    16.8      55.0     0.90 0.067      2.7
            245.4 248.4     3.0      10.0     0.38 0.058      0.9
            236.6 265.1     1.5       5.0     0.31 0.027      1.0

JK-34 TARGET
                        Assays greater than 1.0% Cu

Drill hole   From     To Length    Length   Copper   Gold   Silver   Iron
               (m)    (m)     (m)      (ft)      (%) (g/t)    (g/t)    (%)

NC07-12     612.3 619.9     7.6      25.0     2.21 0.104      4.7    5.9
            622.7 624.2     1.5       5.0     1.43 0.035      4.7    4.2
            630.6 632.1     1.5       5.0     2.00 0.032      4.8   10.0
            662.0 663.2     1.2       4.0     1.07 0.044      3.0    4.3
            725.4 726.9     1.5       5.0     1.10 0.090      4.1    5.5
            734.9 736.7     1.8       6.0     1.14 0.066      3.6    6.8
            752.1 753.2     1.9       3.5     2.05 0.132      7.8    7.2
            876.0 876.5     0.5         5     1.22 0.010      1.5    1.8
            884.5 885.7     1.2         4     5.03 0.066      7.1   20.1
              890 894.7     4.7      15.5     2.23 0.038      3.1    4.6