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Re: douginil post# 2712

Friday, 10/21/2011 12:09:15 PM

Friday, October 21, 2011 12:09:15 PM

Post# of 12573
Selling anywhere near the prices you discuss is just not going to happen.

Here is what I posted on Stockhouse yesterday in this regard.

It is too early to entertain a buyout price with the information that we have at this moment. It is a good time however to invest in what is a very prospective property based on the fact that the HMC model is being realized with every drill hole.

Also there are many factors that need to be considered.

1.) Do we sell off the large porphyry in parcels?
2.) De we sell off one porphyry at a time?
3.) Do we sell off one property at a time? We other great drill results from Eastford and Destor. We have Kidd which is expected to become a Zinc / Copper play.
4.) The gold market sucks right now and we still have lots of drilling to do.

For now I continue to look to Detour Mines and Ventana for some guidance in regard to any potential buyout price.

Today I have just added NGD to that guidance/benchmark.

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