Post by
Buckshot26 on Oct 04, 2008 1:00pm
Could not agree with this post more...
posted by kimba...
"Spoke with a geo friend who has worked on some substantial golddeposits and his comments were positive with one issue - the true widthof the high grade "feeder" mineralization.This could go huge as most ofthe Au deposits on this planet are low grade/medium systemswith high-grade feeders that make the CAPEX economic. Need anotherdrill hole or 2 that show substance to this feeder zone...if we getthat then you will see some serious interest. With a million ouncesalready and a low market cap these prices make a solid risk/rewardopportunity especially if the general market starts to calm down. Thisstock was much higher before this drill hole and this is the best oneto date."
and I'll add...
This is why I've been buying since saw the news. Lets say they poke a few more holes around hole 87 and find this zone is only 100m (depth) by 100m (strike) by 50m (true width) ....well that's another 870,000ounces of gold. double the depth or strike and it's another 1.7million ounces of gold and so on...
Best part is that it begins only 50m from surface and its in Canada.
I know Joe Kizis was rushing to Toronto for the Cambridge show Friday afternoon. If anyone attends and can get answers to the following questions I would greatly appreciate it:
- do you have plans to drill any new holes around hole 87 this season.
-are you able to extend the drilling season in to November (do you lose the contracts on any of the three drills in the coming weeks).
-how long can you go without financing.
Good luck to all,
Buck