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Re: energy_wave post# 385

Wednesday, 03/28/2012 4:40:02 PM

Wednesday, March 28, 2012 4:40:02 PM

Post# of 573
Well, actually it should not be very surprising of the limited interest in Sutter.

First, as you know, the deposit is small at this time, nothing of much interest as compared to larger deposits of which there are many. The economics of the PEA are nothing to write home about.

Second, they are not yet in production, so no track record on this deposit to confirm that they can overcome the challenges outlined in the PEA.

Third, good drill results to date, but there appear to be a continuity of narrow veins, so no indication, yet, of how much more ore could possibly be mined down the road.

So it should no be a surprise to you that few would follow Sutter, given the number of opportunities out there in the marketplace.

Actually, what could drive the stock price is a surprise, not just delivery on current high expectations.