Speculation for the New Year wrt to NIK (and PRB)
posted on
Jan 01, 2014 12:41PM
My reply to poster on SH, for your info.
goldhunter
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Hello LowH,
Season Greetings. Happy New Year!
NIK largest anomaly seems to be on the line of sight of the HGZ of PRB. If one is bold enough to do an extrapolation by eyeballing, then this line of sight would head to the SW area of NIK claim. But before that it would cross to addtional PRB on te other side of the lake. This corner is quite interesting, since it is the convergence of PRB, the patented claims, REC and NIK. If the line of sight veers off a bit to the SW direction, it could miss the patented claims all together. It would go through PRB and perhaps would nick the SW tip of NIK claims. The distance from the available drill holes 1900-2000SE to this NIK corner would be some 4km (or 3km from the lake shore on the SE side). Assuming that PRB holes for this winter drill program show that the HGZ extends over the entire lake bottom, then there would be a potential of another 3km of the HGZ extension from the lake shore to NIK corner, especially if NIK has enough money to sink one hole in the largest anomaly.
My speculation:
- If NIK hits a high grade gold zone, then its SP would go many many folds from the current $0.01;
- PRB SP follwing this hit by NIK? Well, there is that potential of another 3km extension of the HGZ., or approximately another 3 x the deposit under the lake. A wild guess would be something like 3-4 times the current SP (but, don't quote me on this). Note: This corner is where PRB had a bunch of drill holes on the 80% JV with REC, but there was not much discussion on their results. Strange!
Also, it would not be a surprise to if PRB just scoops up NIK if they believe the HGZ extension in NIK claims.
goldhunter