Gold Canyon Resources Inc V.GCU

GCU vs TRR......

[tannin]

TRR uses a gold price of $ 1500 and a recovery rate of 95 %

GCU uses a gold price of $ 1300 and a recovery rate of 80 %.

[godisgr81]

TRR has $100 million in cash with 0 debt GCU has to go to market in the first half of this year, likely $20 million in PP.

[auingot]

I made a point of listening to the CC. This resource is an in-pit calculation and holds up to conservative geologic scrutiny unlike other recent reports by TRR and BAT. Comparing TRR with GCU is a joke. Not all NI 43-101 are created equally. TRR: https://www.incakolanews.blogspot.com/2012/02/trelawney-trrv-and-letter-to-editor-of.html BAT: https://www.incakolanews.blogspot.com/2012/02/batero-batv

[Geospot]

These links are fantastic.  GCU management knew that the report would be scrutinized from all angles, and this type of skepticism, or worse, is exactly what they wanted to avoid. They chose the ultra-conservative appro. They did the right thing. And they got punished for it. It's just not right. This company has always eschewed hype, and always been honest and transparent with investors

[tannin]

The market will figure it out, Geospot. Noticed the TRR had a rougher day today than we did, not that I wish them anything but success. I repeat, " mineral resources estimated on the basis of a gold price of                      U.S.$ 1300............ and estimated 80% recovery for gold

[Geospot]

A comparison chart suggests a remarkably correlation -- i . e., you can see GCU getting sucked down in their downdraft. https://tmx.quotemedia.com/charting.php?qm_page=90553&qm_symbol=GCU Also, the company has reported in previous releases that the ore is highly friable and have good recovery rates. -- Initial gold and silver recoveries from eight bottle roll tests conducted on Portage Zone

[tannin]

Hadn't seen the interview; thanks Geo.  

[tannin]

Excellent interview. Sounds like the geologist can taste 7 million ozs and suspects more, possibly considerably more. Can not imagine one or another of the majors not wanting at least a piece of this. Also can imagine the actual development of this mine required to wait while a lot of drilling is being done to determine how big, how deep; and an approach/mining plan that optimises the value of