Mountain Lake Resources Inc V.MOA

What Gives???

[chux02]

I liked it better when the share price went up on NO NEWS. And on an otherwise UP day for commodities in general, gold and silver in particular, and this thing presently is.....LOSING MONEY???? Maybe someone could offer up a....logical explanation because this absolutely defies....logic. It goes bonkers on no news, like their CEO said in that recent article I posted a couple of days ago and then, on a day of excellent news, it's retreating and by the looks of things right now, it will finish up with a loss for the day. WTF is THIS??????

[brianjames]

Looking forward to Q4 and the updated 43-101 report.I think that will tell us alot and will help set the new standard for the share price.  Until then, there's gonna be days like this one that don't make much sense.BJ

[chux02]

from today's news release:"Further definition and expansion of this zone will be very important for the resource estimation and so we will be adding additional step out and infill drill holes during the current program to be completed in October." So, they're adding more holes to drill which will mean that the drill program will be running a little longer into the fall

[JR5]

They need to lighten up a little and have some fun. Example -the drilling barge has no name and it should be flying a flag (four leaf clover). They drill a core that is worth almost $4000 a ton and they make it look like no big deal in the press release. That should have been highlighted. The web site keeps getting better one thing that's missing is live action when they pull a core with

[Cousin_Gert]

I agree JR...this is getting fun as well as exciting as News Release after News Release multiplies the tonnage potential at Leprechaun Pond. You mentioned the $4000/ton value from the rock from hole 205(and the other 14 holes now recorded in the "Heart of Gold"). To really get the full impact of this you should have also mentioned that this is from a core length of almost a 100 feet

[dcully]

Is it   "less than 3 metres in widths and/or less than 0.5gpt"  I thought the standard at the time of the old 43-101 was 5 gpt..... Thats why I expect MOA is over 1million oz of gold just based on using the new calculation for the new 43-101.    Regards Doug.... 

[Cousin_Gert]

Yes Doug, you are absolutely correct.(and it's what I wanted to say) All core that assayed under *** 5gpt*** were "excluded" in the prior 43-101. The new 43-101 that is now planned for this Fall should "include" all assays ***ABOVE 0.5gpt, no matter the width*** as this new one will be completed using open pit parameters vs. prior underground assumptions. This changes

[chux02]

They have an ongoing program to go back and re-assay that old core, I seem to remember reading. That calculation will also be added into the new updated 43-101.