Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

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Message: Re: to Texas(rktenn)
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Mar 03, 2008 09:26AM
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Mar 03, 2008 12:34PM

Re: to Texas(rktenn)

in response to by
posted on Mar 03, 2008 01:35PM

 

All in my opinion, please do your own DD. 

I'm no geologist but I do concur with a lot of what's been said today by the others you mentioned.

To be honest these holes did nothing to make me want to add but at the same time I don't see how anyone who understands this story would sell on these results.

As has been posted, and in my opinion we, we're trading at a significant discount to what we've proven up in the oxide cap of this deposit.

I have us at 82 million tonnes

500m (strike) x 350 (width) x 175 (i'm sticking to this on depth) x 2.7= 82,687,500 tonnes

Contained within these 82million tonnes I have 2.1million ounces of gold and 32 million ounces of silver.

The silver content gives the eventual miner of this project a negative cash cost per ounce on the Gold.  Even if I run numbers at $750 an ounce gold we should be well over $5 a share with what we know today.

The best part is, and the driver of value in my opinion, the potential of the sulphide zone.  Do we have 300m or more of a gram plus gold along with an ounce of silver and good zinc and lead?  The diamond drills will tell the tale.  But given that we're underpriced currently, why would anyone sell now with all the bluesky on the horizon?

With the cash on hand and four drills turning, we have the chance of seeing up to 10 holes released every two weeks.  I dont have a lot of powder dry at the moment, but if they bring her down to $3 tomorrow I'll find a way to add a few shares.

Still in my opinion the best risk reward play on the market today. 

Regards,

Buck 

 

 

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Mar 03, 2008 02:39PM
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