Re: NEWS! Coach
in response to
by
posted on
Jan 08, 2008 11:55AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Hi PaulTiger!
I have been positive all along, and I could still throw out the same cautionary disclaimers: we have some nice grades over decent intervals, but no defined resources yet, and it will take a lot more success at the end of the drill bit before we can have any real asset value at all. But that is true of every single exploration story in history at this early stage. The more work you, the closer you hope to come to having something of value.
The good news is that with so much positive data coming in, the chance that you could have all this mineralization from so many areas of the property would suggest that there is some big discovery area. I mean what would the odds be that the handfull of places they have punched in drill cores represent the only real mineralized zones? There is just too much there so far to discount that its just a lucky hit in a small deposit. More likely, its a big district and they can expect to continue encountering good stuff as they step out.
I try to restrain my enthusiasm and just keep it all real. Talking of multi-million ounce gold deposits is out of line so far, but we can probably have confidence its more than just isolated occurrences.
cheers!
mike