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Rick, I’m unclear about the long range plans of getting a PEA for the greater ADL.
Although the 2 billion dollar gold equivalent figure inferred at this time for the Gordon Breccia is nothing to sneeze at, I believe that the underlying Cu/Mo porphyry is where the real action will be when the time comes for a Preliminary Economic Assessment of the greater ADL property.
It is said that typical grades for copper porphyries range for 0.2% to 1.0 % copper, 0.005 to 0.03% Molybdenum, 0.004 to 0.35 g/t silver and 0.004 to 0.35 g/t gold. I’ve heard that the economic cut off for a copper porphyry is around 0.2 % copper equivalent in locations with favorable infrastructure and with ores treatable with standard concentration technology.
The relatively gold rich Gordon breccia could be considered an ideal target for a “high-grade” extraction during this time of low metals prices. “Historic hole L99-08 had intersected mineralization over a down hole width of 101 meters (120.70 – 221.70m) with the best reported zone being 4.91 g/t Au, 30 g/t Ag and 0.63% Cu across 43 meters (121.00 – 164.00 m).”
I believe the grade and extent of the underlying porphyry however, is going to determine the ultimate value of this property.
A PEA would give us:
1.) A mineral resource estimate, both indicated (reserves) and inferred and tell us the nature of the ore and if it is amenable to conventional milling with flotation concentration prior to shipping to smelter.
2.) The cost of creating a straightforward open pit mine or mines (environmental impact might be key here).
3.) The pay back period along with estimated mine life based on a steady production figure.
Yes, infrastructure and location are key. And with decent numbers, this could be all we need to succeed.
Hole # 4 could begin to tell us a lot. It could be the start of a very “big deal.”
I’m just not clear on the plan with the 10 million dollar drilling budget in mind. Won’t the first step of getting some firm numbers in the “reserve” category for the greater ADL take a heck of a lot more drilling than that figure allows?
-If you get a spare minute...TIA
Yes, let's hope they strike the porphyry on their first try with the fourth hole.
The Peruvian boys are some smart cookies-They might just hit it...
You know good booty when you see it. Meanwhile, show the MM's to the short plank!
A golden porphyry at the LDM could bring cash dividends that would fix the shorts forever..
Heavier volume with a decline in share price might be indicative of a news leak. But a million shares traded? Probably not...
As the original poster implied, once clinical trials are underway, and say, the A/S have already been brought into play, a healthier share structure might be desired.
At that time, funding for the trials hopefully would not come from further dilution.
Of course, in most other instances, as you state, a R/S is absolutely a very bad sign in pennyland.
Your post makes sense. A reverse split at that time would be in the best interest of everyone.
We're going to strike gold and we're going to be rich, I tell you!
Wonder if new info is being uploaded to the Auryn website today?
.07 amid a flurry of buying. Suddenly, "next week" is not an unattractive prospect.
That's why mum's the word on the LDM to date. An exciting development and yes, big news to be sure!
Up like a rocket this morning...What's the buzz?
$.094 after hours, up 4 cents. This will pass a dollar soon.
Engineer 14-Thank you for bringing us the goods....Will look forward to more solid posting!
Awesome, breaking resistance. Maybe things are getting "nuggety" down south..
Go MDMN!
Anyone know if a CUSIP# and/or Name change for the ticker is in the works?
Holy Smokes! I'm finally making money on this baby. Got me a three-bagger already!
My memory doesn't serve as I have a good number of stocks in my portfolio and just can't remember an exact date for this event. You might try some of the historical research available online. Good luck!
This is absolutely wonderful news for the faithful AMBS longs!
Here's the story of just one persons life that has changed because of the groundbreaking work of Dr. Patel: http://healthcare.utah.edu/healthfeed/postings/2013/11/112613_blake_lively_father.php
Las Vegas Sands Corp. says "Despite a challenging three months in Macau the company's profit increased 7.2 percent due to a focus in part on non-gambling revenue."
A nice jump in price in after hours trading...
I'm sure that if someone had contacted the offices of ACHowe, the answer would have been negative.
However, it is well documented that A.C.A. Howe conducted the drilling on the ADL thirteen years ago. Here's their geologic report: http://www.medinah-minerals.com/pdf/geologic_june19.pdf
And you'll be smiling while driving your Ferrari as well. Big bucks a real possibility in the future for those who take a position in this stock now...
A bottom? Mebbe. Waiting for the geologic report on the LDM and drill results from DD hole #3 on the ADL. That's when the hallelujahs might be heard from this neck of the woods...
Yes, that is where the pps deserves to be...at least. Sometimes the news takes a day to two to have an effect on price.
Excellent points. A stellar future for BMSN/RGPB and it's shareholders!
Just got a few more shares...These prices may not last!
Interest is picking up..This is starting to get fun again!
Aye, secure your booty...This could be the stock of the decade!
I like it! Bring on the volume....
50x potential return is a conservative and completely attainable figure for this stock when approval comes for the two treatments. When good results are reported from the human trials, then it's all blue, blue sky..
Hopefully things get real crazy...At the initiation of human trials that is.
RGBP is a gamble that could pay off really big.
Finally! Success for the patient longs is around the corner...
Long term capital gains come tax time will make the waiting worthwhile...
Bring it on. This could be the block buster bio of the year!
Yep, "supply is drying" up as we speak...Watch for pps increase.
Lovin' my RGBP!
You can bank on this quote made by Thomas Ichim PhD.
Thank you for posting this. Any clear-headed investor can see where we are headed...Up!
Good point! If one considers this matter carefully, a favorable outcome is almost certain.
Exciting times ahead soon for loyal long-term shareholders!