4.39 X 1.5 factor of bulk sampling over drilling results X 33 m at SHALLOW depth
posted on
Feb 08, 2012 09:37AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
That sounds a whole lot better now, doesn't it??? Let's not forget our "consistent" difference of bulk sampling versus drilling which has proved out more than once to be a minimum of 1.5 times greater in the bulk sampling when sampled where the drills had previously gone...
My calculator tells me that the "true" grade should be 6.58 g/ton of gold when you factor in our drilling shortfall...
I know that this is not "proven fact" for some, only because we have not MINED this yet... but all the bulk sampling has come in at 50% higher grades...
VERY decent news release, in my opinion, which counts for next to nothing except to me... Very decent indeed... I just may be able to buy some warrants yet...
Oh, for yous guys who were arguing back and forth about "we should be able to make money on our warrants" vs those who want us to not make anything from them (and let me remind you that the company did the PP for 12 cents after that instead of letting me purchase my 15 cent warrants!!!), I have not had the money to buy my first warrants at 15 cents so no, I was planning on supporting the company and NOT selling all my cheap shares to all yous guys out there... Not everybody out there who "helped out the company by buying into that PP with a much more favorable terms instead of the terms that the US company had "dictated" to that point"... Made a bunch of money on them... In hindsight, of course I would have bought my warrants and sold them at 80 or 90 cents, but I had my eyes set on that million ounce resource that was going around back then... Woe is me, my bad. My fault. So be it...
Live and learn. I am still here and I own more shares now than I did when I started into this company. It's been a LONG "winter", so to speak. It is not time for SPRING to arrive.
Very nice start with these last 2 news releases, GNH Management. I salute you!!
Herb