Re: 3x10=6 and the rest of the board - PROFITABILITY!
in response to
by
posted on
Jan 09, 2009 02:55AM
Fastfoot, by my estimation looking at all the maps and data, what is quantified as "Probable Reserves" in the report (YES, RESERVES, not "indicated resources" or "inferred resources", this categorization of reserves is a huge milestone for the company) is not only the tip of the Nolan iceberg, it is only the tip of the Workman's Bench iceberg. I have studied the maps and the analysis and I honestly believe what we have quantified at WB so far is only ~1/15th to ~1/10th (or 7 to 10%) of what is at WB. Perhaps it is only 1% of Nolan in total. This property is huge and rich, and my hope is that someone in the financial world will see this by assessing the Bundtzen report as the first data point of dozens more to come, that prove major profitability. The incredible level and variety of geotechnical work performed on the majority of Nolan plus the Buntdzen report for the first sliver should wake up some big boys as to the total size of Nolan in potential antimony and gold reserves. My only regrets at this time include not understanding the legal and naked short markets before getting in deep, not realizing the incredible amount of time, money and effort it takes to develop an NI-43-101 compliant resource, and not anticipating that Silverado would be poster child for regulatory compliance (CTO) driven by a so-called reporter with a personal grudge to settle. In other words, now that we have moved past all of the above, I can only regret getting in too early. If I waited until now, I could get perhaps 4x-6x the shares for my investment. People entering now, I envy a bit! My resolve remains, I trust the company, I trust Garry.