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Message: crapshoot

Re: crapshoot

posted on Apr 23, 2010 12:38AM

My concern with this post is I would like more clarification. Under what circumstances to you anticipate the PFS being a 'bomb'? We are using increased M&I ounces with a higher grade than the 2008 PEA, the price of gold is significantly higher since then, and the price of energy is significantly lower. From where would this bomb come from? I like to invest based on fundamentals, not black swan events, and what I can see here we have improved fundamentals.

I also don't consider the drill results a failure. Sure, it would be great to have hit 100 g/t for 30 meters, but determining where gold is not is sometimes a precurser to determining where gold IS. Does DW have X-Ray vision so he can see into the ground to determine where to drill? No, that is why we drill. Drilling with zero revenue requires dillution. It is part of the process toward building this mine one day, however that will come about.

I would appreciate some clarification here.

Hysteria

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