Re: quick review of the MD&A
in response to
by
posted on
Nov 30, 2010 11:38PM
Edit this title from the Fast Facts Section
maybe they got tired of hearing me whining about not enough drills and finally got the message!
This is indeed good news, and im expecting some more frequent drill results in the future. this essentially doubles our drilling power, which means we should see some updates every 2 weeks. That will help the share price maintain itself and shoot higher.
I am somewhat dispointed in the lack of ongoing progress for the coal project, and i would like us to get rid of the victoria project as well if we are just going to let it sleep there. Lets use that money from the sale and put it into some more drills.
on a side note, i noticed a very interesting statement in the release:
Subsequent Events Subsequent to the end of the third quarter, Ventana Gold published a National Instrument 43-101 inferred resource of 3.5 million ounces of gold, 19.2 million ounces of silver and 84.6 million ounces of copper with average grades of 3.9 g/t gold, 21.5 g/t silver and 0.14% copper. This resource borders, at numerous locations, concession fractions of varying widths (i.e. narrow property positions) of which Galway has the option to own 80%. Galway’s management believes that there are some significant gold resource implications implicit within these fractions.
Im a bit confused by it....is this a reference to our recent purchase of those fractions of land within ventana's borders? if so then i thought we owned those fractions, so why is it saying we have the option to earn 80%? i am wondering just how much these fractions actually do contain and if we can actually access them from our properties without trespassing on ventana's properties... Does ventana's infered resources actually take thoses shard of property that we own into account in their estimate?
if someone has any answers to those questions, i'd like to hear your comments! thanks