outsider opinion
in response to
by
posted on
Nov 11, 2010 11:43AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
PC thinks he upsets the natives, so I thought I'd post to show him how it's really done.
Communication from management is incredibly important. I dumped my SVL during a shakeout at a loss, because management would not communicate at all, beyond repeatedly pushing back their startup deadlines. Nice to have seen the other shareholders make a double since then, but it's probably just because Silvercrest have "silver" in their name. :-)
At the same time, an investor must remember that they're still communicating with company management. If Candido and Tilsley thought "gee, this is going to be very difficult to prove up a nuggety deposit and take it through to developing a mining plan that can show good financial metrics", do you think they'd caution you about it?
If Brent Cook were to visit, I expect the visit would be paid for. He's no paid consultant. I'm sure he'd love to learn about a nonstandard geology, especially if Tilsley is someone recognized as being knowledgeable on the topic. In fact, even if he went and didn't really like the chances of proving up a deposit, he'd probably still write it up for his readers just so they can learn what he's learned.
Speaking of which, he also notes that a very important consideration with a veiny system is that you NEED multiple veins close together to go open-pit. I dunno whether GNH's system is supposed to be diffuse or veiny or spiderweb or alligator-crack or what... that's probably a good question for Tilsley, how exactly the fracturing is shaped in 3 dimensions.
Yes, Goncalves likes CMM. Wonder what that got him? :-) (I thought it'd move on reporting Q3... what happened with that?)