Re: Resume of Snow White info
in response to
by
posted on
Dec 02, 2010 08:10AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
glori, it's taken me nearly a year to understand the difference between drill core grades and bulk sample grades and the need to find a multiplier. i'm now of the opinion that while good drill core grades would be awesome it really only shows us that there is gold there and whatever the grade is, it's underestimated.
the brightest point i've seen is that they are already getting back bulk sample results (that seems very quick). now if the bulk samples give us some kind of idea of a multiplier (i.e. 3/4gr drill core grade = 2gr actual grade) then i believe the deep pockets that really understand mining are going to start taking this seriously. as far as explaining this deposit to the unwashed masses (take it from me, an unwashed mass) i think management needs to show "estimated tonnage of mineralized material by the drill, and an average grade by bulk sample"...that would be good enough for me.
the pps drop sucks but i feel much more comfortable now that i have some clue as to what they are actually trying to prove. from what i see they are getting much closer to proving a large deposit and if bulk samples come back decent i think we are off and running.
i originally bought this stock on strictly a gamble because hoov recommended it and i believed he knew what he was talking about. now that i'm beginning to get a handle on what he was trying to tell me back then, i think i understand why so many guys were excited about this play. c'mon bulk samples!