Post by
etphonehome on Sep 28, 2010 12:31am
Busy October!
October is shaping up to be a very busy and important month for Animas.
The first couple of weeks should bring a better idea about how to best unlock value out of the moly target in the southern part of the district.
We should also see a revised 43-101 for some of the oxides in the district and though this group is more interested in finding big deposits, the smaller deposits of mineable ounces along with $1300 gold provide a good floor,
Lastly we should begin to see drill results as early as the 3rd week of the month. Anyone that cares should look at the golden Arrow 43-101 and note the geochemistry work done by Dr. Jeff Jaacks on the main area that Animas is drilling. The mercury enrichment is very similar to the 2 centers of mineralization already discovered except that the area being drilled out is virtually untouched and much much bigger.
If coffintrader's remarks prove to have merit (he's made great calls in the past)and what Animas has up their sleeve pans out then October could be the month that sets things in motion for much bigger things. If it doesn't pan out then the drill program becomes all the more important and could be the difference between a company with a good share structure, great people and projects and company with a decent share structure that needs to dilute at lower prices in hopes of making that 1st discovery 6 to 9 moths from now.
Be clear the rewards are big. A new discovery with gold at $1300 during the strongest part of the gold year and with Bernanke reloading will make these prices seem silly and have everyone scratching their heads as to why they didn't load up at .45 cents.
Ariel is a greenfields project with a huge area of intense alteration. With copper at $3.55 and Cananea nearby it presents an exciting target for exploration.
We know there's gold at Kinsley Mountain and historically it's been high grade. Couple that with discoveries just north (AU/EX/Fronteer) in a very similar geologic setting and Kinsley presents another excellent opportunity of a good discovery.
Lastly the District. It has proven to be a tougher nut to crack than expected but the bigger prizes often are. The gold there presents an opportunity to monetize the District if the group ever feels there is no longer the BIG potential there that they currently believe exists. The proposed merger of Timmins and Capital Gold nearby will bring attention to deposits in the area and an entire DISTRICT with potential to add easy surface ounces (for someone who cares)becomes attractive with $1300 gold. Time is ANI's friend on getting the most bang for their buck but I suspect a discovery and higher share prices will allow for a more aggressive drill program there before making a decision about whether or not to focus elsewhere. I also suspect Santa Gertrudis (Santa Teresa) still has a surprise or two before it's all said and done.
The share structure is right, the investors are right, the geologists are right, the money and marketing people are right and they have some great projects. The next step is execution and October will be critical. Let's see how it goes.
High Risk/High Reward
DYODD
Comment by
etphonehome on Sep 29, 2010 11:06am
El Tigre Moly report on the website www.animasresources.com
Big High grade moly potential. Would love to see that get joint ventured out or if Nevada is successful poke a few holes in what they believe to be the center of the system and see what the drill hits.