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Re: STR8Shooter2012 post# 6840

Tuesday, 05/01/2012 9:56:46 AM

Tuesday, May 01, 2012 9:56:46 AM

Post# of 12573

'Firstly, the expense associated with the establishment of "1.5 to 2.0 million oz" virtually guarantees that they will "run out of money" or more appropriately, will be required to come back to the public market for additional capital.'

You are always focusing on the worst case scenarios like they are foregone conclusions. I'll give my very conservative estimates: 1.1 to 1.2m with the resource update in June. 1.6 to 1.8m by December and by the time we exhaust our years supply of money, 2.4 to 2.6m ounces PLUS the strategically placed drill hole to test continuity on the north limb.

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