InvestorsHub Logo
Followers 183
Posts 41499
Boards Moderated 6
Alias Born 03/21/2012

Re: $b_rich$ post# 971

Sunday, 06/17/2012 3:24:48 PM

Sunday, June 17, 2012 3:24:48 PM

Post# of 3962
I am sure some would like to interpret the Lewis results that way.

But, my interpretatin of the Lewis results (accepting them at face value) is that a) there is some gold out there, b) the gold is not distributed in economic concentrations in high bar (i.e. alluvial) material which is by far the majority of the tonnage out there, and c) the tonnage and grade estimates proposed by GDSM/WSRA/Gold Tech are therefore completely unsubstantiated and extremely unlikely.

If some hobbyist wanted to do a small-scale mining operation on weekends at the Gold Star claims, they might make enough to pay for operations if they can identify the higher-grade streaks. But 6.7 million tons at 0.025 oz/yard, no way!

Maybe GDSM should issue the Lewis report, or the Phase I results? Any reason they shouldn't?

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.