Re: Mining Company Summary GNH
in response to
by
posted on
Nov 02, 2010 01:37PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Well good! Consider yourself as one GNHead who has his expectations in check.
No matter what the results are, the headline that will go around the media circuit will be GNH instersects X metres at X g/t, and the best intercept will be displayed as the title line.
I would think that even if a company had 50, 10m intercepts at 2g/t and only one, 20m intercept at 1.5g/t the headline would be the 20m intercept on bullboards etc.
This goes back to what Boot was saying. There are flashy drill results that are basically attention grabbers, and then there are companies like Rainy River Resources which is closing in on a $1B market cap because they have proven up grades and tonnage. GNH is not in the business of grabbing headlines...they are in the business of proving up a new gold district in Quebec, of all places.
If you set yourself up for getting flashy drill results, you may be disappointed...and also perhaps missing the bigger picture. Tonnage does not come by one drill intercept. It coms from several drill intercepts that defines a region. What did Frank C say? Tonnage galore?
It's happening as we speak and the recent revelation of the 60x290 metres exposure of 88 diorite is no small piece of news.
Again, I have no clue what the results will be and perhaps we will have insanely long intercepts...it's just when I look at what they are trying to piece together I realized that I was losing site of what they are doing here, and that is accumulating 100MT or ore.