Would it be reasonable to assume 2.0 million ounces (+or-) at the Friday Pet-site, when all drilling is eventually completed, about double the 1.1 million now assumed? Or would you guess I am notably overstating or understating the approximate possible number?
Is it accurate that mining companies will mine .2 to .4 grams per ton so long as there are larger deposits in their midst?
By adding almost double the ounces with this news release today it doesn't stand to reason that this would cause the stock to be worth less. Selling on the news is a common occurance, even in the face of good news. Based on my limited knowledge I see this news release making the share price's "real value" worth quite a bit more once "weak hands" sell their holdings. Might "some" of those who would talk down the share price be looking to buy more at a cheaper price?
Your thoughts would be appreciated. Thanks.