Galway Resources Ltd V.GWY

Optics

[NaturalCurrency]

It seems that the resource estimate does not include:

• Machuca
• Catalina
• Fractionals

Reason VEN got ~$450/oz was becuase of the promise of more gold (~3x?) than estimated. By not including the above, it seems GWY's idea is to match (or higher) $/oz as VEN got.

 

We could still end up getting $500M for Cali alone.

[Dejos74]

I'm a bit confused, I thought the estimate was delayed in the spring with regards to this statement made in the May 9th.2012 NR:  "Given the successful results seen at Machuca, Galway has deferred completing its initial resource estimate in order to incorporate the Machuca results into the estimate." Now the Sept 12/2012 NR says that there were many of the Machuca holes that

[mjh9413]

Can't imagine the 200 series drill results were available to be incorporated in resource estimate.which was promised for september. makes no differnce really as GWY's final interest in  concession is dependant on resource estimate for licencees to get cash  and shares and they won't want incomplete estimates...with the three projects all i can say is that GWY remains

[HerrAnders]

@Dejos74 this is a good question. what is the real reason for the delay from the resource estimate? Machuca results are not included to increase the estimate. and why only 200$/oz ? but basically it is good,that we have now base to build on these!   i hope for more education until the AGM. GLTA

[$HAWK]

Compare to VEN:  richer, easier, gold + 27%, silver, more value to come that we have not read yet = $400/450 oz.. I'm in that camp. $HAWK

[ReportTrader]

Your english is pretty funny, Mr. Anders :D Greetings from Germany to Germany

[HerrAnders]

thank you ReportTrader! greerings too from germany to germany! aber es trifft die sache auf den punkt. sehe RJ nur am verkaufen....!  ( RJ only selling )   GLTA

[$HAWK]

HERRANDERS :  I missed what you noticed and you the same what I noted, I would think a good variety of insti's will be backing up the truck or spending the day flipping