InvestorsHub Logo
Followers 0
Posts 80
Boards Moderated 0
Alias Born 01/08/2011

Re: redinvest post# 6597

Tuesday, 04/17/2012 2:02:25 PM

Tuesday, April 17, 2012 2:02:25 PM

Post# of 12573
While I know that Gary or maybe even CD used the term "mirror", I don't think that it is the most accurate word to be used. Yes, if the results are similar it can be implied that the reserves are doubled, but I don't think that they actually are absent a 43-101 that states the resource explicitly. Any feedback on this?

Actually the North limb may contain a lot more or less gold than the South limb and that is why we must drill there to see how the resource shakes out. Now if I'm a major and I see similar drill results in both limbs, I am feeling pretty good about the chances that both limbs do contain a similar amount of gold and it would affect how much I might pay for the property but more importantly how much CD might be able to get.

This new drill hole may provide us with a lot of information going forward about where future holes should be drilled and how the limbs compare. Am I understanding this correctly?

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.