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Message: Re: How Many Oz?
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Oct 17, 2013 07:24AM
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Oct 18, 2013 09:15AM
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Oct 18, 2013 09:46AM

This new Press Release announces assay results for an additional 53 diamond drill holes, the most ever in a single report. It also marks a remarkable total of 517 diamond drill holes reported since the first 8 in October, 2010--just 3 years ago. Only less than 2% overall have resulted in no significant assay results (NSA) ordrill failures, totally phenomenal results.

More importantly, the gram pet ton, g/t, are now assaying out between 250% to 350% (avg) greater than all the previous holes. This is because significant strategic data is obtained by specific geological planningobtained from the drilling phases conducted. The current drilling phase involving the high grade zones (HGZ) will continue even through the winter and well into 2014. Ample funding for the continuing robust drilling schedules is already available and there is no company debt.

Over the next 9 months, several significant events are anticipated including:

Additional property acquisitions (November, 2013):

Up-dated Scoping Metallurgical Study (November, 2013):

Last report (March, 2012) concluded that metallurgical gold recoveries in the order

of 87 to 93% could be achieved using standard industry processing technologies;

Up-dated NI43-101 Resource Estimate Report (February, 2014);

Last report (January, 2013) showed significant increase in Global Inventory

Sensitivity to the Resource Estimate with an Indicated inventory of 5,190,000

ounces of gold and an additional Inferred Inventory of 1,179,000 ounces of gold at a

0.2 g/t cut-off grade. Estimates based upon assays for all holes thru BL12-313.

The February Estimate Report will be based on assays for all holes thru estimated

BL13-560. It is my unofficial (no assurances) estimate that the up-dated report could show

the inferred estimate at 8,520,000 oz AU and indicated of 2,300,000 oz AU. These

possibilities are based upon an additional 257 holes at 2x g/t assays for the previous 313 holes.

Preliminary Economic Assessment (PEA) (May-June, 2014). This will be the initial PEA.

It will be the most important of all the events over the next 9 months.

What about share price over this 9 months and following the PEA?

Is it so simple to say that the share price will increase proportionally to results of reserves or

the economic assessment as to profit margins? How much influence will the spot price of gold have?

Of course, there is the buyout factor to also consider.

SHARE PRICE CONCLUSION My guess (no assurances) are:

Low range from $3.50 to $4.50

High range from $6.00 to $10.00

Buy out range from $7.00 to $10.00

Good luck everyone!!

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Oct 19, 2013 08:02AM
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Oct 19, 2013 12:18PM
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Oct 20, 2013 10:50PM
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