Post by
Packager2 on Jul 25, 2011 9:46am
They don't look so bad to me!
Sure, the results aren't spectacular but I think that they have confirmed the earlier results - that there is a large deposit there. Some of the the outlying holes such as DH_03 and DH_08 and DH_05 and DH_10 show that the deposit is not mineralized in those areas but DH_12 and especially DH_06 I think are very good. I am not a geologist by any means but I managed to pick up another 10000 at .24. We will see if that is a good move or not. As I am holder over the long term and since I see much higher gold prices coming, I think this will eventually prove to be very exciting holding. IMHO
Comment by
Cool_Law on Jul 25, 2011 9:54am
I have to agree...By my calculation from the report it looks like they have another 500,000 oz of gold along with the 1.2 million confirmed gives them 1.7 million oz/gold and at $1,500/ oz = about 2.5 Billion $$$
Comment by
don118 on Jul 25, 2011 10:25am
That's about right Cool_Law but today it would seem that investors want instant gratification. All or nothing. They do not see the big picture nor do they want to look at it. Good that they are going. A better breed of investor will buy in and hold for a bigger story.Don