Re: Tonnage
in response to
by
posted on
Feb 16, 2011 10:29AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Dragon wrote:
"Regardless, management's focus should remain on directing all company resources to proving up and attaining a NI-compliant resource estimate on Timmins1/Timmins2, asap, imho."
Right on you are sir...(a dragon must be male right?)
With all due respect to all the posters, positive and negative, who have reported on these latest drill results etc., we need to keep things in perspectve here.
IMHO people put way too much emphasis on the presence of VG at the 88 /snow white zone. Just because there is VG in such a nuggety deposit does not necessarily mean the grades are higher.
The reaction to these drill results was generally negative because there was an expectation that this zone was of higher grade than Timmins. This opinion/perception was likely pushed by the company as well as several posters and it became the expectation.
What we seem to be forgetting is that Timmins alone likely has suffucient tonnage and grade to be economic on its own. It appears to be likely that there are other zones that will be proven to be economic as well but we should not panic just because our expectations have not been realized yet in the other zones.
There is much work to be done yet before we get a complete resource estimate and it will take time. There will be ups and downs. The day traders should move on to other opportunities if they are not prepared to wait.
In the meantime I agree with dragon that the infil drilling at Timmins should proceed quickly.
I want to thank all the posters for keeping this debate civil and not letting it deteriorate into name calling as we have so often seen.
SN