Re: Herb and calculations........
in response to
by
posted on
Feb 02, 2010 03:23PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Folks, the potential numbers on this property is stupid.
I've done my homework and ran my numbers. When it was 12 cents it appeared too good to be true...so I was scared because it was just a word from Hoov, and me and myself slicing and dicing the information available on-line. I felt so lonely. And as the expression goes...if it seems too good to be true, then it probably is.
Trust me, it's worth it to do what Herb has touched on to realize what is going on here. And you can run those numbers on the Timmins deposit alone and be happy. I like to pretend that all those Geochemical surveys actually indicate that there is at least a little bit of potential for more of the same because...well...because it's dead obvious that that is the case. I'd write out the numbers myself but I feel as though I would come across as unrealistic and a pumper.
Don't take my advice...do it for yourself.
For the record, I haven't sold 1 share yet and I've bought more this week by moving some things around. Well, that's if you believe some guy on the internet!
Actually, I have to say that I would appreciate it if someone out there could run a pro-forma on this puppy, or some figures of the potential. Break it right down to 10% of in-situ value and divide by the number of shares outstanding. I've wrote so much stuff lately I am running the risk of becoming the biggest A-Hole on Agoracom if this company were to take a turn for the worse!
For the record I have also heard the min 300m depth scenario and also that it runs as deep as could possibly be mined. We are dealing with a 'fault' so I think the goelogy dictates it has come from underground but don't hold me to that. I'm not sure where to find the proof that this may be the case.
Perhaps I'll see if I can find that out from Sasha?
Brad