Re: Not good enough
posted on
Oct 30, 2007 05:30AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
I see a lot of information and a lot of hits. I'm not sure what Hole 13 hit... It appears to have extended Hole 12 which had awesome results and depth..based on the report. "Hole 13 undercut Hole 12 drilled to a depth of 254m and encountered granodiorite through it's entire length, and had steepened to -72 degrees at the end"
My question: Is this good news??? It sounds a lot like Hole 10 which I don't understand either. Can anyone give me the scoop on these two holes.
I think the results are exactly what I was expecting..this is early phase and more will come.. we're pushing the cart before the horse if we think the mine should be know by now..and I'm not sure we have the find priced to perfection at this time..simply due to the speculative nature of early mining plays in general.
I'm still long and feeling better with the news...
Doesn't