Re: Buy Buy Buy - hzmn91 (deposit size)
in response to
by
posted on
Jul 20, 2010 04:15PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
I think what people keep forgetting is that we are not talking about a small deposit. We are talking about proving up 100MT of ore by Christmas. Once any minteralization gets beyond a certain threashold, for this type of gold deposit I would like to make the argument that before 30MT you would be lucky to get 5% insite value and over 100MT you are likely able to get 20% of insite value. This is becaue the purchasing company now has to compete directly with the shareholders of the firm for the deposit. This can only happen for very large deposits... I think Golden Hope has such a deposit.