Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: Tell me it ain't true
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Jun 28, 2010 07:33AM
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Jun 28, 2010 08:15AM
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Jun 28, 2010 08:21AM

Funny you should write $3...I just posted that on SH, right before that post by FG that you reposted here, did you not read that?

Osisko went from 20 cents to $6.60 in 16 months by proving up 11M ounces at a grade of 1.15g/t give or take. Our grade seems to be coming in closer to 3g/t so this makes our ore a little cheaper to mine. Our head Geo is saying we have 5-10M ounces in the Timmins area deposit and that represents 1km of a 20km belt so I think 10M ounces is reasonable but again, time will show if this is right or not. If this is accurate, we should see a valuation similar to Osisko because we have a similar share structure, same jurisdiction, same access to infrastructure and we are attracting some major talent which is a mild confirmation of our project.

When Osisko did there run up, gold was only about $460 an ounce so that is something else to consider.

Glorieux

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Jun 28, 2010 08:50AM

Jun 28, 2010 08:57AM
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Jun 28, 2010 09:15AM
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Jun 28, 2010 09:20AM

Jun 28, 2010 09:49AM
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