Re: OUT ON SEDAR - Hoov
in response to
by
posted on
Apr 17, 2009 02:39PM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
"The western flank of the intrusion has either been displaced/transposed elsewhere or eroded"
And if merely displaced or transported (any amount of distance relative to the Main Zone of Mineralization) it remains in tact and available to discovery at some point in time. As for now it appears they have sufficient Strike length to work with toward the East/North East, and generating the IN43-101 on that should prove the Value of the Big Daddy Deposit (or SPQ's portion there of) to any Prospective Deposit Buyer, be it in partnership with FWR's Balck Thor/Lable Deposits (or FWR's portion there of) or independantly of any other Area Explorer.
As for the prospect that the Western Flank has been eroded, that would be a Shame Tonnage Wise, BUT GREAT in that the Big Daddy Deposit would very likely be exposed at surface directly under the Overburden. AND that means an Open Pit Mine Operation. AND that is by far the most valuable mode of extracting the FULL Mineral Potential contained in the Big Daddy Deposit. AND relatively very cheaply extracted with much reduced Up Front Mine Development Costs, as well.
Consequently, Massive quantities of Chromite mined Very Inexpensively and with relativelyLow Cost and Quick Mine Start Up time. All very POSITIVE.
So, Why has NN been quoted recently as appearing to down play his Companies REAL Potential? What REALLY Gives there?
Old Joe