Re: Buy Buy Buy - hzmn91 (deposit size)
in response to
by
posted on
Jul 20, 2010 05:27PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
semi/twilight,
semi, you're right about the size of the deposit, it's one of the biggest factors in determining the value....gnh looks like it's already over 5mil oz (that's the magic number)...i would add to that the fact GNH is in THE best political area for mining..
i think for these reasons, the osisko comparison is dead on....that means $400oz once you have certified deposits and are nearing production...
twilight, your argument/logic is excellent ..but, i personally would hope that GNH could near a current "osisko" phase within 2 years....at 2-3 times the current shares out...
i think the deposit itself is without question...there's a lot of gold there..the question is how economically feasible is that gold to produce...so far it looks real feasible!
imo.................... (and in this forum, that does'nt mean a lot)