Re: NEWS
in response to
by
posted on
Feb 17, 2010 08:47PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
I'm not sure I get it anymore. Perhaps you should read the 2010 presentation. Golden Hope already has 2 g/t average. They are not waiting for bulk sample results to show a 2 g/t average. The expectation (based on prior evidence from a bulk sample done in 2007) is that the average is at least 3g/t if not higher. Therefore, a result of 2 g/t is not good news.
In adition to the bulk sample, the area which was previously deemed mineralized, now seems to have been considerably expanded therefore throwing out all previous expectations for tonnage. In other words, the real meat on the bone is not simply the bulk sample but that the actual minerilised zone may be considerably bigger. In fact management has yet to put a cap off that expectation.
Lastly, while this has all been unfolding, there has been a staking spree in the area confirming the interest by outsiders to not only GNH's project but to the entire area surrounding GNH.
If the expectation is to flip out of this because the stock is trading near.30 cents, then you need to re-adjust those expectations and not lose lose sight of the bigger prize.