Re: if you like diamonds or gold
in response to
by
posted on
Oct 01, 2008 08:29AM
I am hoping we can have some samples on the table at the Cambridge Show this weekend. I have seen the pictures from some of the gold in quartz grab samples and they look impressive. I have also requested a few alluvial diamonds but I am not sure if they were able to get any for me during the last field visit. The local Guyanese pan large stones from the streams that flow downhill from our property holdings.
Reading the NR, the important info IMO is that some high grade soil anomalies are to be found across large chunks of the property. Gold was introduced into the host rock and over the millions of years of erosion, it is transported in soil and down streams. Higher concentrations of gold across large areas suggests that a larger zone of gold bearing host rock is the source. This is also confirmed in the historical work and at other zones.
This is not moose pasture, in other words.
cheers!
Mike Kachanovsky
IR Consultant
PS: My contract includes a small monthly income, but I do have leverage to stock options. I think the fact that I am willing to earn the majority of my compensation on the back end through the options should send the message that I believe in the potential for this company. Also, I own shares that I have bought in the market at much higher prices and have no plans to take a capital loss for tax purposes. I am comfortable to hold these shares and wait for the sector recovery, when I think SMH will perform much stronger.