Post by
surething1111 on Nov 11, 2021 9:30am
Observations
Geezer, BC
Great posts.
Congratulations longs, these are good solid results.
Thoughts:
What everyone is beginning to realize with these deposits, is that due to extreme structural complexities, the full extent of this deposit will not be known for a number of years. Our situation is compounded by the fact that many of the surficial expressions of our splays are almost certainly obscured or submerged by the North pond, particularly the shallower ones.
It is worth pondering whether our Boulder outcrop might indeed be related to the deeper interval (68.25gpt * 8.1m) in hole mh-20-15. Or perhaps an even deeper splay.
It is beginning to look as though area 75 is indeed an extension of the footwall. If so, we are looking a very large sheet of high grade material. Perhaps we can now start to get a very partial idea of tonnage and ounces contained.
As BC stated, we will most likely need to do another financing this Spring. I believe realistically, we will require at least 8-10 million additional, hopefully placed at prices north of $1.00 .
As of late, I believe that we have been a victim of some early tax loss selling. These drill results should alleviate some of that pressure.
Best
S
Comment by
BlueChipper2020 on Nov 11, 2021 12:35pm
No disagreement from me on your fine points. BC