Hi, tothegoldrush,
good to see someone else being interested in this nice little company.
As for your comments:
a) I do not think that the 1000 lb bulk sample is back yet. I believe they are talking about the sub samples taken from the bulk sample tubes.
That´s correct and is exactly what I posted earlier: these were the SUB-samples, so we have to wait for the total results of this 1000 lbs. bulk sample.
But as I pointed out, all previous samples (historic bulk sample, 2008/09 trench samples, 2011 step-out samples) returned similar grades.
That and the fact that the optioneers choose to get a 20% net proceeds royalty from the soon to be carried out 1000t bulk sampling instead of cash should give investors a lot of confidence of what to expect here !
b) This stock has good potential just hope they don't option the property out.
That´s not going to happen. They just optioned this property a couple of months ago. They closed a PP and have enough money in the kitty for exploration this year.
And if they start the bulk sampling and get returns with similar grades, that will pay for quite a bit of further exploration, I guess. Even if you deduct the 20% royalty of the optioneers.
All in all, a great little company with a very low market cap still.
I´ll buy more.
FANTOMAS