Re: Dave Webb and Isaiah: More than 303,983 Ounces of Gold Per Year.
posted on
Apr 17, 2009 12:08PM
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Baires and GWTW: Yes to you both, and hopefully to include others in the discussion. As we know, nearly all of that 303,983 oz per year over 47 years was discovered while those mines were already in production, so the current Dave Webb strategy reflects what has worked very well and very lucratively in the past. The concern that I have had is that the nearly 2 million ounces now reported (and even closer - or over that - with the new Clan Lake/Pond Zone results) are spread over a few unlinked projects and could use some consolidation to improve the economics. But this seems moot considering the past success in operations in simlar circumstances, and the openness and richness of the current deposits. I like this strategy very much, future production will pay for future exploration. If this first project can be done in two years all the better, I will certainly still be around in any case, I believe in this. A couple of questions: 1. How many more cores are now being assayed, from what areas, and when can results be expected? 2. Given the opportunities at a number of sites, including the Nicholas and Ormsby deposits as well as Clan Lake, is the focus coming to bear more on one than on the others? Personally I like the potential at Clan Lake, especially with the 100+ g/t grab samples in that area. But the others are better known. What do you think? Best ... Isaiah
By the way, still thinking over what Skeleg said, and liking it more and more.