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Bullboard - Stock Discussion Forum Trelawney Mining and Exploration Inc TWNNF

GREY:TWNNF - Post Discussion

Trelawney Mining and Exploration Inc > Significant increase is the bottom line!
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Post by mariothegem on Feb 24, 2012 7:20pm

Significant increase is the bottom line!

Greg Gibson mentiones this is a significant increase in estimate at this site (Cote Lake)..THERE IS MORE TO COME...IMO THIS IS GREAT NEWS...NOW WE ARE SETTING THE STAGE FOR BEING TAKEN OUT at a much higher premium!
Comment by letsgetready on Feb 24, 2012 7:42pm
the resource is based on a 1200 m strike length, which is 71% larger than the 700 m last years resource was based on. the resource increased to 6.87 million ounces from 4.22 million ounces..a 63% increase..quite consistent..if the market liked last years resource, this is just more of the same. with Jerome and Chester..TRR has about 8.4 million ounces now..and is still open. Cote Lake will likely ...more  
Comment by dogwag on Feb 24, 2012 10:32pm
Ready,they did not use any drill results from Dec 16 /2011 till now which would give us 6.87 million ounces plus the last two months drill results plus the Chester and the Jerome should put us at about 8.5 million ounces plus whayever they find to the north should put us between 10 to 11 million ounces a year from now.This has to make the majors pay attention to TRR sometime in the next year.Price ...more  
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