Re: keeping kinross out
in response to
by
posted on
Nov 20, 2007 07:56AM
The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
We have to Hope? Please. This is not a roulette wheel and hoping we hit our number. I am sure many other juniors may be that. Its only a matter of time and having the patience to wait and watch them drill. We would have to strike out on all 8 properties. The Geos who are highly qualified would have to completely fail in their entire theories and career build up ideologies to not get a winner out of just one site and one gold hit.
The odds that Raul, Marcus and others will COMPLETELY fail on every site and every drill location is near zero and all we need to hit is ONE decent find on ONE site. Our market cap is below $60 million!!!!!
The gold is there and it is just a matter of defining it at each site......There is a 250 page dissertation on cove- McCoy for instance which was written by Marcus for his PHD...... Cove McCoy. That site alone is huge and has multiple areas of interest and if theories are concluded correctly, they may all connect into a huge find.
In my opinion, the ONLY thing preventing us from a major increase in share price down the line is being taken out by another big company in the $1- $5 range and losing our leverage by being diluted into the bigger companies shares. That is why this is the ONLY thing that i am worried about. The only other thing needed is just patience and ambivalence to the price volatility which is easy when one has read 100's of pages about the properties and chatted with those like bemaB.