Replies to post #10243 on Cannon Exploration Inc. (fka CNEX)

[||hirani22||]

wow, this thing moves very easily. I like, wish i bought more :) oh wait i still can, about to smack that ask a new one lol

[Mr. Zen]

That could be the bottom of the day to day momentum swing, the buy side pressure will drive this north through to the release of the geo-physics late June. Then we know for sure how big this deposit is. from the early (1901)English mine it was 16g/t which by todays standards is very good. That alone gives you $10,000 per ton rock if it was sold at 50% of spot gold.
Running that through an even small mill of 100ton per day gives you .... lets see 100tpd x's $10k =

back of napkin only. we ain't there yet.