2011
posted on
Dec 27, 2010 10:00AM
This play is primarily about tonnage and not so much about grade (although some nice intercepts wouldn't hurt).
And matt is right, the price of Gold can do a lot for explorers if it stays at these levels or climbs even higher in 2011.
If it goes ballistic (Rob McEwen is predicting $ 5000 in the next 4 years) , everything is possible.
As for the $ 5-15 for GNH in 2011, imho not realistic. We would need a boatload of excellent results for that plus a 43-101 showing at least 2M oz. And if 2011 results are as slow as 2010, then with even 2 drills, we will see the majority in 2012 !
So if we see robust 2010 results and bulk sampling tonnage and can confirm a possible belt, $2 is certainly in the cards.
A prosperous and happy New Year to all GNH investors.
FANTOMAS