Curious, cautious and invested... there are so many questions that are hard to address without seeing the drill logs, chewing on some drill chips and panning some assay pulps.

First, the drilling is widely spaced and from a geostatistical point of view it is risky to assume that the ground in-between the existing drill holes is of the same tenor. At some point the company will have to do in-fill drilling to increase the confidence level of assigning a value to the rock between holes. Geostatistics will reveal what that spacing should be.

Having said that, one could not be more pleased that these widely spaced holes show a fairly consistent story; widespread, near surface bulk-mineable values that are open on all sides and at depth AND it is oxidized. The question is; would a prudent man continue to expend his effort and capital based upon what he has found to continue looking? For this deposit I believe the answer is yes.

Second, when system is one of hydrothermal breccias, the intensity of brecciation is important. My experience is that brecciation (and values?) is a highly variable phenomenon, even across a few meters. What are the chances that a widely spaced drill hole found its way through ground that has less brecciation? It is just as likely as a drill hole finding its way through zones of intense brecciation. Some inconsistent results should be expected, however as near as I can tell all of the drilling has produced near or at bulk-mineable values. In-fill drilling is important. Those values will drive the share price. Careful analysis of deep diamond drill core can't hurt either. Hold your breath!

I would like to see some high-grade zones with tonnage that would support a mill. If the gold particle size is larger than a few tens of microns, recovery rates from heap leaching drops off dramatically. The cyanide effectively just dissolves the outside layer of the gold and you have nice polished grains of gold left in the rock on the leach pad.

But this is all speculation, all I know is what little I have read here and on the companies web page and in press releases. It is to the company’s advantage, at this point, to paint the best picture they can. There is certainly enough money on hand now to finish exploring this deposit.

So I remain curious and cautious, but as a miner, intrigued (crazy) enough to risk some of my capital. It is hard to be prudent and a dreamer at the same time.