Re: anything
in response to
by
posted on
Sep 06, 2010 10:41PM
Drill ready Gold projects
2nd largest land package - Red Lake Mining District & promising properties in the "Ring of Fire"
Crazytrade wrote:
I don't know much about TBM but I do know that the few FN that I know want me to buy them a lot of shares for some reason. They say its the second best bet in the Ring at this time and they want me to sell everything other than NOT and TBM and buy those two. I asked why and they said that the word they hear is TBM is on track to beat NOT with volume but not grade. They have been wrong before about drilling results so I don't count them as true info. They have been right too about Cliffs and KWG nonbuy so I do listen.
Very interesting indeed.....
Seeing that the FN (Webiquie I presume) are on the ground and have access to the people doing the drilling....this may be good information.
As for the grades it is quite a stretch to presume that the low grades reported in the first several holes will be indicative of the entire ore body.
For example in the Sudbury district there are many different grades(low, medium and high) within the entire ore bodies. At Voisey's Bay it took 140 drill holes to establish the grade.
From what I understand it is entirely possible that the volume of ore will vastly exceed that of Eagles Nest.
But it is way too early to be making such statements.
SN