EXCERPT - ( former poster )
As Judson said...this Rover stock is not a couple of months investment....you need to buy and hold for a couple of years. Ford you posted that after your conversation with him. If i were told the statement above...
I would ask why ?
Why not perform a thorough scoping and assaying for all minerals on, Bugow cliams group ?
Why only fire assay for gold ? And, about the, copper, cobalt ???
Why run to another project ? What about the historicla cores + new cores - all mineral credits ?
Not doing so.... Does this not facilitate better odds for - larger players ?
I look at it this way....
There's upper levels of resource management that perhaps look at each district - and ask....
How can we get this ( xx ) project up n running.
Fortune has sat for years...
But should another junior take the brunt to assist Fortune ?
Or... should shareholders invested in the small junior also be rewarded ?
Who knows how many hands are in the cookie jar. ( Fortune share count ownership )
Small juior aside - with gold credits and what appears ( has ) more mineral credits...
new historical report.
Junior does it's job... drills proves up - just the gold
Historicals would have the - other mineral details.
Details that were sealed with the - Aber, Arrow records.
But... only gold was taergeted... or, were other minerals such as the writing on the core box ?
photo below.
QUICK FIX -
Send junior on new project...
Have current investors in small junior - sit and wait few more years...
More shares out - yada yada....and perhaps more claws in the small junior.
Who would it benifit ?
Obviously a larger player or capital firm.
And... stakeholders.
Now... basing everything on the historical report i - found online - open source.
Could this be looked at from a different stance ?
Sure.. .why not.
Instead of two years out....
Unload the Bugow... but first, recognize the other mineral credits.
Then....junior either has some serious cash or, sells Bugow with current sharecount and
rewards shareholders - then... begins the new Indian Lake claims with a fresh share structure.
Does it really have to be two years out ?
How would the junior know - 2 years out ?
wink.
I would say.... it's as easy as...
Resource directors, stake holders, along with larger players sitting down - doing a retake - crunch the number's again - Judd will always have his job, infact indian lake is already inplay, is it fair to current shareholder to sit it out and wait for Judd to prove up indian lake / or deal with Bugow ? Hello....
Like i said... there's a new format is in motion -
several other stakeholders want a piece of the action - and well... i would say, something has to give - which party would most likely get the short stick ? Common investors or...
Gov't, First Nations, Large Players ( capital firms / finaciers ) ?
Just look at the price of, Fortuine ?
Make any sense ?
Or... what if Fortune was rightfully given a decent wholesale value of - in situ - minerals ?
$3.50/sh and the junior wouldn't be in a compromised position... now would they.
And... real easy to deal with a junior aside of them... with other mineral credits.
Our problems is...
Good juniors held down.
Valuations skewed.
Sharks... feeding on the wealth of others.
Ya know... i did try to decipher the core box hand writing.
Can anyone make out the hand writing ? ( core photo below )
At frist.... i kept to just one mineral and said, nah...
the second " chicken scratch " word must be another - mineral credit.
So.... if i had to hazzard a guess ?
1- CUO2 - Curpite
2 - Sphaue ???? ( with small sloppy hand writte n - a - only other mineral that comes close ? )
COBALT - sphaerocobaltite ?
ONLINE - BRITTANICA - COBALT DESCRIPTIONS ?
In the copper-cobalt ore bodies of central Africa and Russia, cobalt occurs as sulfides (carrollite, linnaeite, or siegenite), the oxide minerals heterogenite (hydrated cobalt oxide) and asbolite (a mixture of manganese and cobalt oxides), and the carbonate sphaerocobaltite. In the copper-nickel-iron sulfide mines of Canada, Australia, Russia, and other regions, cobalt is present in place of nickel in many minerals.
Cobalt arsenides, such as smaltite, safflorite, and skutterudite, with the sulfoarsenide cobaltite and the arsenate erythrite, are mined in Morocco and on a much smaller scale in many other countries. These are the only primary cobalt ores.
BUT THEN AGAIN -
Maybe it's just cobalt...?
Wording on core box - could be - Co2 -
cobalt oxide.
iF IT WERE COBALT ?
I would say... the Geo may have got it wrong.
Carbonate Cobalt - maybe not....
Bungow is in the irons with an intrusion of, feldspars + granites.
If it is copper ( CUO2 cuprite ) and if cobalt is running tandem - in same geology -
more like the cobalt is in the - cobaltite or erythrite - arsenite family - same as Fortunes.
And of course....
Oxidized minerals - turn hydrated - lots of color in cores. ( mineral bleed / leach)
NT - has lots of watersheds - that run wild.
Chlorides and sulphides assiting the conversions.
NEW CORE BELOW - ( written words )
Would the meterage be ? ( written on core box )
1 - 40m ? ( mineralized ) ?
Again - speculation. ( not inverstment advice )
But good speculation - based on the historical mineral data sheet find - 1997 report
i found - few - posts back.
AND... THE HISORICAL CORES - LOTS OF BLUE SULPHIDES TOO....
10,000m = 67 holes @ 150m each or....100 holes @ 100m each.
Such can build significant tonnage - constraints.
Take no offence...
Just tired of sitting in juniors - with good resources, and suddenly the junior is sent on another project. They must think investors were born yesterday....
Wealth is strpped, stock barely moves - share count rises, more years pass...
Sometimes rolls occur.... And... it never bodes well for common investors.
Things - have to change in the markets.
Judd will always have his pay + job - but what about the common, investors ?
Monies tied up in markets - good projects - unprecidented low valuations.
Sharks grabbing it all. Not quite fair for the common investors.
Where is the motivation to invest.... if, projects don't see rightful valuations ?
There is none.
2 years.... ?
How about a retake.
Back to the number crunch.
How does one provoke interest ?
You announce your own gold ounces - higher gram per tonne than Fortune.
And... assay for all other mineral credits - hoping to better Fortune's deposit.
Then... begin dressing up your own project instead of playing second rate.
Bring real value to shareholders.
Cheers.....