Trelawney Mining and Exploration Inc TWNNF

A Comparison

[diabase1]

Looking at a comparison between the results from Probe’s news release today, and Gold Canyon’s Springpole Lake deposit, and Trelawney’s Cote’s deposit news releases on February 27.

 

                        Total gold        Total Silver      Grade Au         Grade Ag

Probe

Indicated         3.5M oz           3M oz              0.82 g/t           0.7g/t

Inferred           1.5M oz           1.5M oz           0.7 g/t             0.7 g/t

 

Gold Canyon 

Indicated         1.22M oz         4.82M oz         1.26 g/t           5 g/t

Inferred           2.45M oz         11.58M oz       1.27 g/t           6 g/t

 

Trelawney

Indicated         0.89M oz         N/A                  0.88 g/t           N/A

Inferred           5.66M oz         N/A                  0.97 g/t           N/A

 

The above are based on a 0.40 g/t cut-off.

N/A means not announced.

 

I thought the above was an interesting comparison, leaving out all the other issues (including lakes etc). I believe that Gold Canyon, Probe, as well as Trelawney, may have their own water issues (lakes or creeks).

 

These 3 projects will have a tremendous economical impact on each of their locations. I also believe that each company are also environmentally sensitive to the needs of society within their surroundings. A large group of naysayers however, are standing by, and so they should!!!!   

 

Putting the issues aside, any comments on the released reserve comparisons?

[godisgr81]

One important factor that you didn't mention in your comparison is that both Probe and Grand Canyon have to go to market to raise capital this year. Likely dilution will be 10-20%.  Good luck.

[LTGoldBull]

godisgr8 "One important factor that you didn't mention in your comparison is that both Probe and Grand Canyon have to go to market to raise capital this year. Likely dilution will be 10-20%" What??? PRB has $32M cash of it's $90M MCap plus 10MT's Chromite 4sale. Facts only please,...for disclosure own both TRR and PRB. Cheers, Mark

[godisgr81]

Both PRB and GCU will go to market for more equity financing. I don't think PRB will not end the year with less than $10 million in the bank. The burn rate for both are quite high. The current sp speaks for itself.