Re: Drill results nothing special IMO.
posted on
Feb 25, 2009 06:07PM
Its important to remember the drill program was designed to show where the high grade stuff is so they can mine it first thus the many shallow holes they know its there because of the historical drill results this was just to validate that. Mission accomplished! Also this is just one deposit of many but it is advanced the most at present so it will most likely be the first mined this will eventually bring enough cash to build infrastructure and plants at that time they will receive a higher dollar for the rock! All in all a very positive day even if they only do 1 000 000 tonnes in 2010 at 100 dollars that's still a hundred million its not gonna take 50 000 000 to get it out of the ground so the margins will be incredible! Very goodtime to be here!