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Re: chippinfool post# 2470

Saturday, 10/01/2011 8:13:10 AM

Saturday, October 01, 2011 8:13:10 AM

Post# of 12573
In fact, I do like the same ol', same ol'. We are hitting meaningful gold with each hole, confirming the model, and systematically adding to the resource. We continue to move toward richer and wider grades. The share dilution was painful, but we now have a substantial treasury to keep advancing the drillwork. Closing the second offering will expand the money that is the lifeblood of an exploration company. As long as the drilling is methodical and the results are consistent, it seems it is only a matter of time until something special happens. Anyone buying shares in an exploration company at this stage of development looking for a quick payout from a gloryhole is making a mistake and will be disappointed. Patience will be rewarded, whatever the short-run setbacks. Unless the money runs out.

I'll go back to my cave now, except I want to offer a totally unsubstantiated guess at the resource they will report in the NI 43-101: 2.3 million ounces. This will, of course, grow with future 43-101s. Anyone else want to get on record and embarrass himself/herself?

GLTA,

RTR

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