Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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

Free
Message: Re: Sponsored conferences in New York? 2010/2011

The Miningstockreport is the most amazing one. If you read and connect the dots in that report you will see how it possibly suggests maybe 10 times the gold that BOW and us have ever stated here, it gets crazy. Also notice in there ;

"0 Five gold zones at Tesoro have been found in 50 steep veins totalling over 9 km

strike with some depths more than 400m."

Now this report was released last Oct, almost 3 months before the first drill results were ever released. I ask the question " Why did the author mention depths more than 400m, when we only had info at that time from approx the 100m level from adits.?"

Also, here is a statement in that report that the math should be done on, and is what I refer to in my opening statement;

"0 Assays and Titan 24 geophysical surveys show Tesoro contains large, deep
anomalies up to several billion cubic metres in size with high (mostly gold) sulflde
content (>1%). @ne cu. rn. of rock has a mass of approximately 2.? tonnes."

The above statement from the report, implies to me that the anomalies are huge and the gold content very high. Apparently this report was written using information obtained by management and should have been reveiwed prior to publishing by management as well.

If you take just 1 billion cubic meters from the above statement, although it says several billion, and only have 1% sulfides content,that gives you 10 million mineralized units, if they are mostly gold using a 1 ounce gold grade from the property which is also mentioned, one arrives at 10 million ounces of gold. When you take several of these anomalies, with roughly the same volume, you could have 30 million ounces because the definition of several is at least 3. When you consider historical data shows a direct correlation with higher gold grades to higher sulfide percentages, around 3-4% and higher, if you use the lower percentage of 3%, you get 90 million ounces. But, when you consider that a 3-4% sulfide content is only giving off a red to orange signature,with gold grades in the ounces, which is lower chargeability than the big anomaly, which is hot pink, you are left to believe that the gold grade is much higher than one ounce per ton in the big anomaly. So, if you think its 2 ounces per ton, which all data seems to support, you could be at 180 million ounces. See the problems with this report?

The other thing I would like to mention, is that the stock started dropping ~2 hours before that report was released and continued downward from there. An odd thing? Especially while we were waiting for the first drill results ever for that property which never came til ~3 months later. Also the stock price target said over $3, so why would anyone sell without the drill results? The stock price should have continued up, not down, and who was selling on that strength and why, and what did they know, that everyone else didn,t? Many questions surround the stock price at the time and this report for me.

https://docs.google.com/file/d/0B0Me5nTlU55BNjExY2M3NGEtNDEwMC00MDE5LThlOTEtOTc0NDI4OWY5NzJl/edit?pli=1

IMO

Share
New Message
Please login to post a reply