Post by
diadon1945 on Oct 03, 2011 6:57pm
Valentine Lake and Glover Island news...
....will continue to flow until Christmas. Valentine Lake has some results in the lab and the 10% still to be drilled. And then it is still open in several directions and at depth. Will it soon reach 900,000 ounces? How long until it makes the magical 1 million ounce figure? With gold over $1,600 how long until it is a producing open pit operation?
With Glover Island being drilled by a fellow who did his Master's degree on the project...how long until we get some good results.I expect some drill cores are already in the lab. What a thrill for a geologist to drill a project he has dreamed about for years!
There are a lot of unkowns . Would it be great to have an open winter to allow for more drilling on both projects. What will happen to the gold price? Some producers undoubtedly have Valentine Lake on their radar. My perfect storm of good news would be for a mid-tier to buy it ....and then MOA takes their 50% of the proceeds and move ahead rapidly with a 100% development of Glover Island.
Everyone has their own opinion but I think the mess in the world financial system could go on for many months or even years.We all know about the mess in Europe...but is it any better in the US.Look at the debts in the biggest American states. California is a much bigger economy than most european states! And what is really happening in China? They have huge internal problems! If that is the case I expect gold to become the safe haven. Could all be wrong but that what I'm thinking.