Who knew drilling would be a bad thing?
in response to
by
posted on
Nov 25, 2010 04:27PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Just chatted with the office and here's the issue with the lab delays. Lets say we've drilled 40 holes and done a tonne of bulk sampling that has all been sent to the lab. If we get hole number 1 back and it has to go back to be re-assayed due to the fact that it has high grade gold in it, the sample actually goes to the back of the line (behind the all the other drill cores and behind the bulk samples that have now been submitted) so its taking forever to get the early holes back again since we have sent so many cores to the lab in the meantime. If we hadn't drilled so many holes, we would be getting results back extremely quick.
We're going to get the results when we get the results. I know it doesn't make it any easier to watch our share price flucuate every day and there's nothing that anybody is going to say to make that wait any easier but take comfort in the fact that we're in this position because our company is efficient and that they're sending off the very cores that will prove up the value of our company. The one thing to keep in mind is that we have a lot of cores in at the lab and the name of the game for junior explorers is "drill, drill, drill", that's what we've been doing and at some point, we should be getting a rediculous amount of cores back from the lab. At that point you either believe in the story and will be rewarded for good results or the grades will be low and the deposit will be uneconomical, you make the call as to what your expectations will be. I know what my expectations are and that's why I was happy this afternoon to see the price drop to allow me to add to my position.
I think we need to give management a break since they've been doing what we want them to, lots of drilling to prove this deposit as quickly as possible.
Sorry, just my rant for the day. Thanks to all those tired shareholders that helped me load up on cheap shares this afternoon!!