Wednesday, December 29, 2010 6:21:12 PM
But it is much more than just ZTEM. ZTEM indicating 6-7 Pebble size deposits in one thing. But couple that with the fact this is all part of a caldera system with typical known consistancies and the Pebble deposit is already proven to contain a wide array of economical copper and gold and you have basically a slam dunk.
Similar with Bonanza Hills. You can fly ZTEM over the entire U.S. and find many ore deposits I would assume, but until you have samples that indicate the presence of significant quanties of economical metal, it doesn't mean much. The presence of proven reserves at Pebble and a grab sample of high grade gold at BH, makes this an extremely compelling story stock at a measely 35 +/- mrkt cap.
Oh, and then there is the uranium which will eventually be put into play.
Similar with Bonanza Hills. You can fly ZTEM over the entire U.S. and find many ore deposits I would assume, but until you have samples that indicate the presence of significant quanties of economical metal, it doesn't mean much. The presence of proven reserves at Pebble and a grab sample of high grade gold at BH, makes this an extremely compelling story stock at a measely 35 +/- mrkt cap.
Oh, and then there is the uranium which will eventually be put into play.
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