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jul

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Alias Born 08/29/2009

jul

Re: luckytrader2 post# 98

Tuesday, 01/19/2010 11:57:43 PM

Tuesday, January 19, 2010 11:57:43 PM

Post# of 15403
CAREFUL. Itsone thing to read the news but if you do not understand how mining and geology works, you could get burned. I have seen this recommended tonight by 3 services. They are stating that the gold find is deep, but its not. People, they are either mis-reading the news or do not understand what they are reading.

READ the news again. These are ASSAYS which means at or near the surface. They have not gone any lower than 1.5 meters. Thier assays go for 250 meters but along the surface. They have not even started drilling to depth yet. And it is the DEPTH along with high grade that counts. I have seen high grades at the surface often, but when they dig deep, they come up with marginal grade and have very little. Sorry, but I only invest in mining stocks and am familiar with how it works.

Just be careful people. If you want to see an example of how grade works with depth to come up with a multi million ounce deposit, check out Canadian stock VENTANA (VEN.v) and read thier news releases.

Cheers

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