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Message: 15 Months of DD

Mr H, I do not know why you would even attempt to do a hole comparison with us when I said their geology is very little like ours. They have been targeting single veins that appear to have no host rock mineralization, with it taking one drill hole per one vein intercept, with the exception of a couple holes. Its also interesting to see that 50 of the 64 holes are;

"Of the 64 drill holes presented in this release, 50 are from 12 new or previously poorly tested targets."

So, I guess you can say that only 14 of those holes went to estimating the resource calculated in the 43-101. The other 100 holes have not been released and may never be released now that there is an offer on the table. There have been many previous holes scattered drilled on the property before these, and it is interesting to see that their trenching results doesn,t seem to be released either. A couple of these things are indications that they were in talks and had I been following them closely, I would have said they were probably in talks with someone,as per their actions. So, I guess their are parallels in that respect, the withholding of news. So, to sum it up, their buy out is based on less than a dozen individual veins, with less than half that contributing to the resource. To compare that with us, their average grade estimated for their resources are 7.4 and 3.5 g/t in these veins, where as mining bulk samples have shown that we have over 30 g/t in the Canchete and ~25 g/t in the A-4, as you can see, multiples of theirs. I should also mention that our grades are gold, not gold equivalent, which is of higher value yet.

So, Extorre will be bought out without a proven resource.

They were in talks for 15 months or close.

Their trenching results don,t appear to be ever released.

They sat on 100 holes and didn,t release them yet.

The buyout seems to be based on 4 veins.

Their gold mining grades appear to be multiples less than ours.

They are getting over $4 per share with a little less shares out than us.

Their stock went to $14 last year on speculation alone with no proven resource.

Speculation is a big part of the current offer by Yamana.

They are in Argentina, a more political risk environment than Peru.

We are sitting at .20 and they are over $4.

I could go on, but that should be enough points for anyone to see the injustice in our sp.

IMO

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