Re: I wonder. Well guys, this is what I wonder.
posted on
Jun 19, 2008 11:23AM
Focused on becoming a near-term Gold Producer
No tease Rod but I personally would buy SGX just for Onoman alone.
Look at it this way. Where has the DRILLING been lately? [three of them going I believe] AND it is my understanding that they have been drilling all winter long plus 3-4 backhoes stripping away. Was it at Jacobus? No. Onoman? YES.
There 'may be' 500+ grab etc samples in the lab from Jacobus [I don't know]but between the winter ice and thaw situation the 2008 DRILLING has not yet begun. We may have the GM extention or even the source of the golden mile but it is the DRILL results that count.
Why did that banks analyst agree to meet with Sage? For channel samples alone and a possible connection to the GM? [IMO NO] Why are analysts leaving their desks to go up to that area? Now I do believe that certain analysts and others see a strong connection between what KXL has in that area and what SGX has BUT even if they are confident that we have the same thing; May I ask you, which brings with it the strongest evidence?; 'surface' samples and a belief that what we have is the same as KXL OR DRILLS in operation producing cores from another area [Onoman] where they know that the stuff is good. [they don't send Florida sand to the lab] Onoman also has a past reputation. True they know that the grab and channel samples are not junk but we are talking about the type of physical samples that cannot compare with DRILL cores that are in the lab from Onoman.
Additionally, I believe that the company's pecking order has always been First Onoman. Second Jacobus. Third possibly gold hill [I forgot not sure].
Sure it is what I believe and the final verdict is NOT in yet, but what the heck, this is only a chat room where friends meet friends to talk of something they have in common.
All the best,
Jerry