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Message: Re: Dynacore & SLI
13
Oct 17, 2012 04:55PM
5
Oct 17, 2012 05:09PM

Real,

Dynacor is no doubt also setting on a lot of gold that joins with the Tesoro. Their resource estimation, I forget if its still 43-101 compliant, was for a small area of the property joining Tesoro. The estimate was from the small portion by the Dynacor mill of 3 veins. These 3 veins run and connect to the Tesoro approx another 3 km from where the estimate was taken. Some sampling of these veins closer to the Tesoro, and random sampling, suggest that the gold grade was constant, implying that it could be considerable to suggest a constant gold grade from their resource calculation area right up to and butting the Tesoro. In the small area they estimated 600k ounces of gold, by scaling the original # of ounces by over 70% and not including many high grade off shoots of ore in which some sampled over 5 ounces per ton. Do some backwards math on my numbers to see what they had before they scaled, and think the area scaled was only a quarter of the section leading to Tesoro. A lot of ounces of gold. Not to mention the other immediate veins and low grade shear zone stuff, not factored into that estimate. Bottom line, Dynacor has a heck of amount of gold there also.

Denis Lachance came in as director a few months back at Dynacor. This was interesting because Denis and Aaron Regent, the CEO that Barrick recently fired, were friends and worked together at Falcon Bridge years ago. Barrick obviously knows what we may have, as well as any other Majors in the industry, and if we can,t get taken out on the cheap, they will go for the next best thing. But I don,t think it will be Barrick that tries to take out Dynacor either, Barrick has a lot of problems of their own and it looks like someone has been putting a lot of pressure on them in the last year, IMO. The Pascau Lama project appears to be having a lot of trouble, but its not hitting the main stream media for some reason yet, but analysts are keeping hold or buy ratings on the stock, so analysts must think everything is ok with Barrick.

You also have to remember how we mysteriously seem to have aquired the adjoining property that Barrick owned, butting up against the Tesoro. And also, Barricks about to make a small $30 million dollar aquisition of an Australian company that has property in Kenya. If Barrick is fooling around with those small fish, are they strong enough to take out a sizable property?

Just in my opinion.

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