a quote from the last NR talking about L13
"Veining and mineralization similar to the Hinge and Cohiba zones in terms of geometry and composition, including observed visible gold have now been encountered by multiple drill holes in this area."
So we have not seen any drill results so i am under the impression we have not got them back yet. however if they are seeing Visible Gold in this area, we know it will be good like the Hinge as well.
So if they release a 43-101 with 1/2 million oz on first 200 M of Hinge... we can potentially have upto 5 areas (L13, Hinge, New, Cohiba, Emperor) with each 1/2 Million oz = 2.5 million oz added in first 200 M of these and they will all be open at depth.
If these all extend down to 5000 ft (1600 M) we could have as muc has 8 *2.5 = 20 Million oz let along RLM, SAM, and any other mines or areas they have or have not drilled. If things stay the same, gold sticks around 1000 or more, cost per oz is 300-400 and profit is 500-600 per oz, 20 000 000 * 600 = 12 000 000 000. We could potentially make 12 billion profit making us worth 15 x our money.... Now that is of course a very best case scenario and very unlikely of happening, but if we even hit 20% of the above, that still means we could make 3 times our cash and doable over the next 2-3 years. i can now start to see this stock at 10 bucks in a 2-3 year time frame.
I was always a little pesimistic about people saying we can have 10 MM oz in 1-2 years. but im starting to see the possibility if they can start defining all these areas.
Mabye instead of cashing out bit by bit, i should be buying more shares?
Jeff