Re: Primed - Batista, VEN, GWY... hmmm
in response to
by
posted on
Sep 24, 2010 07:30PM
Edit this title from the Fast Facts Section
Nice post Eldreco, i really enjoyed the video and found it informative. If you dont mind, will you post this sort of stuff when you come across it again?
I like to sleuth and speculate the future events of a company. This is not DD when I do this, but is it? On determining the amount of possible outcomes a company may have lends to my investment decision. For example, I like a company that has numerous paths going forward instead of a company that has only one. There are exceptions of this, but as a rule I prefer a company with multiple paths. GWY has the multiple paths;1) buyout scenario in general 2)moly project buyout 3)prodeco coal project buyout 4)Carboluis potential 5)California buyout 6) Vetas buyout 7)buyout of the other unexplored gold concessions 8) proving up all our resources to become a producer.
Now, out of the Ven video presentation I picked out a couple of points to comment on. Doing some quick math it looks as though Ven will try to prove up at least 10mil ounces for their 43-101 due late this year.Their cutoff grade will be 2g/t which to me is a high cutoff grade.There is other resource that will not get factored into this 43-101 because of that.So if ven comes out with an indicated 10mil ozs, our chances next door should be good enough to get 5 mil early.
They are putting a camp in and plan to start to produce which is interesting.They are sinking a shaft and intend to drill deeper from within the mine to target the mineralization that is below the 250m level.So, comparing this with gwy, we do have mineralization deeper and this hasnt been explored yet. A good way to extend their mine life would be to aquire gwy,s adjoining property after we get a 43-101 done on it.At the rate we are drilling its possible for us to have a 43-101 done sometime next year, if we last that long.
My recent calculations only took from the surface to 250m down, if we have anything under 250m like ven, then it is possible for my calculation to double depth wise if the grades are there.I think if I were Eike, I would buy ven and gwy early next year and leave gsl.
All IMO.