Re: BigSky, BigSky...You Guys Scare Me! Calm Down!
in response to
by
posted on
Jan 30, 2008 10:02AM
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You have heard Webb talk about the geology of Big Sky 2, so you know there is a lot of reason to be optmistic.
Given the type of geology we're looking at, it would be unlikely not to see a large deposit down there somewhere. Problem is pinpointing it as you looking at a situation that is much like a big ball of twine about the size of car with twisted and relatively thin and small pockets of cheese in it say about the size of used chewing gum. You need to take a thin needle and hit the cheese. At this point, you can say there is a high probability that there's cheese in that twine but for certain, it may take quite a few stabs before you catch even the edge of one of those pieces.
Yes I'm excited. I understandand your concern that those first holes could come up dry and yes, they often did for Con and everyone else. However, I truly believe they'll hit soon enough. I'm not in this for the short term.
In fact, I played MAE very successfully by grabbing cheap shares when drill results were not quite as spectacular. This happens with all plays. If you know your value point and know what potential you have; if you know the bigger picture you will also know when opporutnities arise. Bad results could send a short term drop. It would last a couple hours until investors got their heads together and realized there's already a close to 2 million ounce minabe resource proven up. So you see the dip and you buy.