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Message: Re: 43-101 - What is needed (# oz) to move the share price?
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Sep 24, 2009 10:46AM
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Sep 24, 2009 10:52AM
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Sep 24, 2009 11:33AM
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Sep 27, 2009 09:33PM
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Sep 27, 2009 10:23PM

If it said 2M oz that would be more than spectacular. I would happy if we started anywhere from 250-750k oz. The 43-101 is going to have the core of the GM, not likely anything like the whole thing, because it's based on fairly close-interval drilling to high standards, and there is only so much data for that. That's why there aren't that many 43-101's around - very expensive. You're basically doing a lot of the grunt work for the future producer.

I expect we will start with a small story that's proven + a lot more that's inferred, and if we can drill more than the 43-101 will grow. The SP will always be 43-101 x factor x gold in ground, plus cash in bank, plus the ranking of prospects we have, from barely explored to next-in-line (the triangle pyramid Brian shows).

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