Re: Mining Rock Trencher
in response to
by
posted on
Jun 04, 2011 12:15PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Hey Guys; Sculpin has given us a chance with this link on trenching to compare our Tesoro find against another find in Uruguay by a Vancouver company call B2 Gold (BTO). As you will note by the NR, they are bragging about "impressive gold values" from systematic mechanical trenching. Then, below in the article they reveal what those values are---2.03 grams per tonne, 2.01 grams per tonne, 1.02 grams per tonne, and so on. Now remember what I said from a previous post --- 2 pennies weigh appx 5 grams.
Now, compare that to SLI with averages of 29 grams per tonne, and as high as 570 grams per tonne. Thats without samples from the big anomolly.
Use your imagination for a second---hold 1 penny in your hand and you have the gold mined from 1 tonne of their ore. Hold 12 pennies in your hand, and you have the gold mined from one tonne of our 29 gram per tonne ore. Or better yet, hold 228 pennies in your hand and you have the gold mined from 1 tonne of our 570 gram per tonne ore.
Now, would you rather spend $3.26 on one share of B2 Gold,--- or $1.83 on one share of SLI.
They have 341 million shares to split their profits with, and we have a little ove 116 million shares to split our profit with. I sure know which one gets my vote.!! If youre smart yu will HOLD ONTO EVERY SHARE YOU HAVE. Payday aint far away
Hope this helps put our shares in the same light as some of the other gold companies out there, and makes it a little easier to bear some patience on our trenching and drilling program.
Thanks Sculpin for allowing me the opportunity to use your post on B2 Gold to illustrate what we really do have in comparison to others.
Rinky