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maris9,
Most here are hanging for the big hit and not too worried about the day to day stock price and that should be pretty easy to see. Don't know if you have heard of the EXS board at Stockhouse or not but IMHO your doubts and conspiracy theories might play better with the drama over there...just saying.
What an excellent observation. There was plenty of good stuff in that short video and that is one of them for sure. Now the question one could ask is how, if we are gonna only build a 2m-3m ounce inventory, will we vend this property for a real buttload of $$$$?
Keep popping corn folks!
Following your own trading advice sounds like a winner to me.
Also, time is not money. Money is power. More money is more power...
That first paragraph is one very astute observation Destinator and should bring a smile to the lips of even the most hardened,down at the price stock owner here 'bouts.
It definitely looks interesting. There is good reason my boat was topped off at 22 pennys. The NI will get Mr Markets attention as we all know and if there should be a pleasant surprise, well you know.... I, for one, naturally hope my WAG is low. We shall soon see. Everyone knows it is coming and maybe the speculators are positioning for a quick hit either way.
Oh my! Oh my!! Is that the lows of life in the rear view mirror? This mornings trading with early volume reminds me of 'someone knows something and is trading on it' action.....
Bravo! Bravo!!
This is a really good idea for the make up of the BOD. I hope you or someone else attending the meeting will advance this idea from the floor.
Has anyone here committed to attending the AM? If so, sharing your notes on this forum would definitely be appreciated.
Yes, we do have a long way to go. I have never been a very patient person and constantly work on that facet of my personality.I do however, believe that there is a large pot of gold at the end of this rainbow or I wouldn't be here.The amount of time, from beginning to end, that I will wait for this investment to pay off will be nearly nothing in the context of how much time will have been invested by the explorers and future priducer of this property. IMHO we are looking at share prices that won't last much longer and will never be seen again.
Have a nice day and popcorn or no, enjoy the movie!
It will be interesting to see what happens to the quibblers when this thing takes off...as it surely will.
The Theater is showing "10D-14D" so don't forget your glasses.
Cheers!!
Thanks for the comments guys. It is good that GMc is still hustling this play be cause it says alot. I for one, associated the potential size of this play with a larger, quicker stock price appreciation and wouldn't have expected that mistake from him because of his experience and info source which I don't have. That said, I am as confident as ever about the prospects of a huge payday herebouts. Witness my buy at LOD yesterday and today's price....sorry!
Number 9 Number 9
Don't have access to the McCoach list but am wondering if he moved it down because it is taking longer to play out than first thought. Are there others on the list with more potential?
BAH HUMBUG!! Go
have a nice day with your family if you have one....
Happy Thanksgiving to all who are celebrating!
My apologies for the delay in posting this comment as I have just returned from a very bandwidth constrained environment that left me with a read only view. However, it seemed necessary to correct what I saw as a misunderstanding of fact.
A poster stated that CD said the cost of building a mine at TPW would be $100m. What CD actually said is that the cost of sinking a shaft would be $30-50m and the associated underground workings including drifting and setting up diamond drill stations for underground exploration would be $90-100m. It is my opinion that he meant $100m would be the total for this phase, not$120-$150m, though he did not clearly state that. The cost for a mine would probably be an additional $350-450m.
I have listened to the July call several times before and still came away with two things this time that previously did not sink in. The first was when CD said TPW might host several mines. Am aware of a possible open pit as well as underground mine, but that word "several" caught my attention. The other was his response when a caller asked about drilling the smaller poriphorys which people talk about being on TPW and seem be shown on an information slide. His response was if we would need to acquire property with smaller poriphorys. Will follow up and see what can be found out.
FWIW
Thanks all the same. Please keep up the good work you do and keep speculating. A really smart guy says that you must "speculate to accumulate". You may be right to keep an eye on Europe. One never knows where a sniffer may come from.
If you don't mind sharing your rational behind this speculation??
Thanks.
Berendverberg,
Indeed a very interesting read. Thanks for posting.
Perhaps you could give us a lesson in how a small explorer/developer proves up a property other than dilution or debt....
Appreciate the update.
I agree about the difficulty in making this calculation from hole location. The trust factor of having a third party do this work is necessary for the marketplace. Having these locations charted would give us a better feel for how this zone is developing being we could see it.
Just give me the 10K already and watch it be replaced with another. And since it is already out from the the Euro division, I can confirm the troops are headed across the pond for the first week of November("coming to a theater near you").
Good discussions. Can't wait to see 'the truth' on the other end of the stick...
Great weekend to all.
Ditto!
GO, thanks for your contributions to this board. The links for the video animations were very interesting. How long before there is one for TPW???? Can't wait.
LaRonge, however, is not the deepest mine in the world but in the Western Hemisphere. The deepest mines in the world are located in South Africa near Johannesburg. Until seeing your post I had not read much about deep mining and the conditions miners endure. Air hot enough it must be air conditioned so that men can tolerate working these depths and rocks so hot that at times they literally explode! A one hour elevator ride down to work...Tau Tona is 3.9 kilometers(2.4 miles) deep. I am no claustrophobic, but this I could not do. A different breed of cat for sure.
P.S. Beware the Aliens of November-coming to a theater near you!
I want to backup what is being said by PB and GO as being exactly what I have heard as well. Was asked not to comment and it has been hard not to share. But now it is out!
At one point in my comments to By's post I had the words "amorous" and "lustful" added to point number one but withdrew them as being too titilating without providing amplification.
Personally, if this all continues to progress as it has been, it will be one hell of a ride for those with patience to let it play out. I also believe we are witnessing the last of really low priced shares being sold and that those who buy now will be smiling very soon.
GLTA
Finally someone dropped the dime!
Nice summation and I would like to add a few thoughts.
3. To be included in the private placement you would have had to dangle $500k minimum or be a part of a group with big bucks to attract attention. Also part of the goal is to attract more institutional type holders to the stock.
4. This is an ongoing process that could only end when we are so rolling in money that we could finance ourselves. Even then a CEO at that time might elect to use other people's money. Promotion is big part of this business and sometimes we suffer a little there in my opinion. But I do love the methodical, engineering minded approach CD brings to the developement of this deposit.
Opinion: Of course MB is promoting other companies and at least one new one that I am aware of. His valuation of TPW as I posted awhile back came in at $27 per share. It doesn't seem that they would be selling much here if any. As you may know, their strategy is to buy during the "lull" season and sell the fall runs. I know for a fact that at least one of his customers bought heavily here and will sell on the next run, keeping the zero cost basis shares.
Destinator is
dead on as usual....
I remember thinking, while catching up on recent posts, that some seem to want details that just won't be revealed. As CD and IR both stated, there is a confidentiality agreement in place with a prospective partner. End of story. Any more is the domain of lawyers. A JV deal of some sort would have to be PR'ed of course, but not so the death of it as it would just be another discussion that started and ended(and who believes there hasn't been a few of those). Pretty sure that if it were to die, when asked that question, it would be answered because there would be no reason not to be truthful about it. Liars put themselves on thin legal ice. There are more than plenty of Juniors where you would never get a fair shake, but I for one, don't see that here.
Having said all that, I continue the hunt for that next scrap of information about this play and naturally urge everyone else to do the same. One thing I have learned about information you seek is that it can come from the most unexpected of sources at times.
JMHO
Yes By, I have heard that as well. One thing to remember about all the finance wannabes is that it is all business and they want to make a profit(don't we all)and get the best deal they can at whoever's expense. Good guys or not, they are sharks looking for a meal.
I am a shareholder in Aurcana and right now there is a legal fight with Mr. Sprott et al(SAM and SLP). The lesson I learned was it doesn't matter who one gets involved with, it is possible it may end badly.
This is true though the company has met with a lot of institutional folks. Some for financing, some for taking investment positions in the stock and maybe some for both.
Am I missing something about Sprott as compared to the others?
To all my fellow EXS investors,
I received an interesting email from an investing service that I hold a subscription to. Though this service recommends some junior producers/explorers, they have as yet, not seen fit to speak of our little baby. Maybe someday....
It has been pretty right on about different countries economies, market manipulations and investing to take advantage. The latest email had an interesting link to a youtube video that I found to be very interesting and a little chilling at the same time. Not remembering how to get the link posted so a youtube search should get any interested investors there. The name of it is "BBC speechless as Trader Tells the Truth:The Collapse is Coming and Goldman Rules the World". One doesn't usually see people talking like this anywhere in public media.
FWIW GLTA
Tamtam, all I know about that is that the bottom of the wedge hole is 50m away from the main bore. The angle of all wedges are determined according to the depth at which the wedge starts and where they want it to end(50m away from other wedges and main holes). The idea is to maintain that 50m spacing for tracing out and calculating the resource. I think that as they drill, they add the knowledge gained from each hole to a geo data base and then calculate where the vein is going(up,down or sideways) in order to determine the next set of holes.
If I learn more or better than that I will post it.
Thanks for stopping by as your post definitely changed my "view" of what these holes look like. In my conversations about what a wedge is, I mistakenly assumed the initial hole was vertical to start with. This takes on a whole new shape. Good info.
You are right. $60k per wedge is in the ball park and we put five wedges in each hole.
Didn't have time to re-listen to the whole call. CD did say the cost of a 1,000m hole was about $150k plus about another $50k for the additional costs for various items. He also noted it was relatively cheap to drill the first 500m in comparison to the second 500m due to the additional amount of time trips into and out of the hole take.
I will try to find out an approximate cost of each wedge hole and post that info.
With all due respect, I believe your $75k figure is way wrong. Don't remember for sure but it may have been discussed in the conference call. I think that, including assay fees etc, it was not quite $250k for a 700m hole. May be someone else has something on that.
Yes, that is basically how wedges are drilled. We are drilling in 50 meter spacing increments to define this zone. To drill a 700m deep hole costs around $250k so it would be very spendy to pepper the ground with 700m holes. So instead, you go down to the chosen depth and wedge off. If I recall, we've done 4 or sometimes 5 wedges in at least some holes. So, for example, in a 700m hole at 500m you send out the wedges at an angle so that the wedge hole ends up 50 meters away and the wedge hole itself is about 200m long(total 700m with the original 500m plus 200m). As you can see this preserves the 50m spacing which will be used to calculate the resource as well as giving you the extra 700m holes at (about) a 200m price.
Hope this helps.
Deep drilling cost way more money. What happens if you spend $1m bucks on a hole and miss?? It is a much better use of limited capital to continue as we are proving up this zone.
So, if there is so much unreliable information posted here why stop by?? You could, if you really wanted, get all the reliable information you need from the company's website, from IR or from Chris Dupont himself....if you really want.
GLTU
Yes, that is truly sick. Continue to add smallish lots at the cheapest prices I have had the oppurtunity to buy at.
Thanks for the context reminder. Sometimes it may get lost in the momentary pain of drip, drip...
GLTA