Legitimate questions for me...
in response to
by
posted on
Jul 16, 2010 11:48AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
I can understand getting swept up in excitement over 100MT by Christmas, and I hope it is true, however...
We have heard that assays are backlogged or taking time because of the tiny little coreshack that only has two guys diligently working to log and split the cores for the one drill and that there are no plans to expand the shack or add drills at this time.
So, is it even possible to "Prove" 100MT before Christmas? How many holes would that require? Have they already drilled that many holes and we are just waiting on assays? By "Prove" do they mean enough holes and infill holes for a NI 43-101 resource estimate?
Second question, doe anybody have guidance as to what the long term plan is for GNH? Are we looking to sell quickly? As an investor, I am hoping to avoid other scenarios of major dilution to get to production or the NOT approach of "flying under the radar regardless of sp." I guess the gambler in me just wants the quick strikes and iimmediate gratification.
Thanks in advance for legitimate answers to legitimate questions.
Phil