Huh?
posted on
Apr 11, 2012 03:59PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Did anyone else see the NR from LOT
They were up almost triple today and have backed off to a double plus,
on one hole!
What I find interesting is how they reported it.
DRILL RESULTS Au (ms) Au (grav) From To Length (g/t) (g/t) 69.00 69.75 0.75 205.0 200.0 69.75 70.50 0.75 181.0 184.0 70.50 71.25 0.75 243.0 233.0 71.25 72.00 0.75 75.8 105.0 72.00 72.75 0.75 101.0 97.9 72.75 73.50 0.75 381.0 379.0 73.50 74.10 0.60 493.0 700.0 74.10 74.70 0.60 59.0 59.0 Average Average 214.4 g/t Au 5.70 m 237.6 g/t Au 5.70 m
They reported 3/4 of a meter at a time and then gave us an average grade over 5.7 meters?
I'm not saying it is bad, but it sure doesn't compete with GNH's best results.
This mickey Mouse little company almost hit 40 million in market cap today off one lousy hole?
When compared to what we have produced in the last months this is a crazy market cap.
Am I missing something?
pc