TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Message: Next steps?

Re: Next steps?

in response to by
posted on Oct 06, 2007 02:19PM

More assays are pending which will propel the stock price to new highs. The addition of two more drill rigs was announced in the last PR.

My thoughts are that drilling on Hercules will be a year round event and I think we will see drilling throughout 2008. As for a mine, the continued drilling should send back more excellent results but will also provide a number for indicated resources in terms of the total number of ounces calculated in the deposit to date and also an inferred resource calculation. If I'm correct they have only drilled about 10% of the total known showing and if you think about it, Hercules could be one of the richest Greenstone belt gold formations in Canada.

In my opinion a mine could be ready for open pit within three years. I'm not too concerned about the time frame for production because even before production the stock price should be stellar$20+ maybe $40+ once the number of ounces contained is proven.

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