Re: Just talked to Neil Novak
posted on
Nov 30, 2007 04:35AM
That is exactly the impression I got talking to Mr. Novak and reading between the lines. Of course they cannot come out and say it in plain english because if they are wrong, especially Mr. Novak being the head geologist and responsible person, they would get issues on this. But I think they are supplying us with the info to make that descision ourselves. Let's be honest, no one can be sure until the drill hits, but you have anomalies with the exact same signature and it looks like they are connected at depth so it stand to good chances that they have the same origine and hence metal content. Right now, we have a valuation that values our deposit at 7M tonnes (cannot believe some of these newbies really think it could be 700M tonnes) and gives us a value of 100 M for our gold project. But if this bridge connects both anomalies, if both anomalies and the bridge have similar mineralization, then we may be looking at 70M tonnes of ore which is still gargantuous and would increase our marke cap 10 folds. This is an easy bet in my books, almost no downside and a 10 bagger upside. No brainer!