shooter 11

I don't quite get the quote he,  Eberhard Scherkus says, "he thought the mine would have a life of 4 years rather than 10."

It is my understanding that annual milling capacity will yield 180,000 ounces of gold. If there is a minimum of 2,000,000 ounces on Agnico's Goldex property that should allow for a mine life of over 11 years and that's with no exploratory drilling, which isn't the case.

Sean Boyd in an interview a year or so back was very excited over Goldex's future. It seems one statement contradicts the other.

At another Agnico-Eagle property, LaRhonde, up the road some they started with low gold content and the deeper they went the richer the mine became.

Concerning Probe's claims only holding 10% of the total picture, that's not what is implied from the published deposit on the Probe website. I know there is a Goldex extention section but I haven't seen too much published on the activity recently.

I will always take with a grain of salt any opinions that are coming from the inside concerning minority owners. I have seen too much damage absorbed by them in "let's make a deal" proposals that ended being accepted in the end without due diligence. Never trust the majority interest without doing your own DD.

Some years ago I had an interest in a small Idaho company that had a royalty on the Rochester Mine in central Nevada. Coeur D'Alene Mines, an insider,  bought out the royalty from unsuspecting holders making millions of dollars from the mine by producing millions of ounces of silver for years while the original minority interest got the "royal shaft" and were left in the dust.

I hope Dr. Palmer gives the shareholders an update following his visit to Val D'or.