GREY:ESOFD - Post Discussion
Post by
Presclubs on Oct 20, 2013 12:22am
Gold grade EQ, I posted on FCU, here a copy
Some more perspective on this discovery. Image if a gold junior had a New Release that states they drilled a hole that was 54 meters grading 275 g/t gold, including 21.5 meters grading 660 g/ton gold? All in a open pit mine... I wonder what would happen to the share price of that gold junior. If this entire deposit ends up being 2-3% U308 average, it would be the same as an open pit gold mine grading 52-103 g/t gold depending on the long term U308 price in several years down the road.
Here is a chart of our best holes to date with the various gold equivalents. I took Fissions data from presentations and expanded some possibilities as to data..
| Fission/Alpha PLS Best holes in Gold Equivalent |
| Hole | High Grade Zone | Drill hole HG Zone Length | U308 Grade % | Gold Equivalent @ Gold $1580 & $60 per ton U308 | Gold Equivalent @ $1580 Gold & $70 per ton U308 | Gold Equivalent @ $1580 Gold & $80 per ton U308 |
| | | | | | | |
| PLS13-053 | R390E | 49.5 M | 6.26 | 162.8 | 189.9 | 217.0 |
| PLS13-038 | R390E | 34 M | 4.92 | 127.9 | 149.2 | 170.5 |
| PLS13-051 | R390E | 53 M | 6.57 | 170.8 | 199.3 | 227.7 |
| PLS13-075 | R390E | 54.5 M | 9.08 | 236.1 | 275.4 | 314.7 |
| PLS13-080 | R780E | 43 M | 6.93 | 180.2 | 210.2 | 240.2 |
| PLS13-072 | R390E | 34.5 M | 8.15 | 211.9 | 247.2 | 282.5 |
| PLS13-059 | R00E | 20.5M | 8.57 | 222.8 | 259.9 | 297.0 |
| PLS13-043 | R00E | 22 M | 4.08 | 106.1 | 123.8 | 141.4 |
| |
| Best Hole section |
| PLS13-075 | R390E | 21.5 M | 21.76 | 565.8 | 660.0 | 754.2 |
| ***If a price of $1350 per oz Gold is used all gold grades would go up by 17% |
So when looking at this, is there any question that this will be a taken out by a major. I see no risk of not getting a return on your investment. The risk is this gets bought out before anyone has any idea what this property is worth. This is why the institutions have employed the computers to drive down the price lately and accumulate. In my opinion the retail investor has to put a blind fold on when it comes to the share price and think about the deposit and the end game.
My dream would be that they would be able to do 2 more winter and one more summer drill programs then sell. I think an offer will come from several majors before that would happen. And the institutions will own so much of this they will decide who gets it. I don't think they would vote down the best deal at the time to wait for more drilling.
Best of returns.
Cheers
Presclubs
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