Replies to post #50373 on Golkor Inc (GKOR)

[gregkuhl]

All very good questions.. And what happens if HC produces absolutely nothing but Vale offers a nice sum of money for a JV? Does anyone even know if CABO has started drilling on the HC property? Last I read their was a small delay? When is the next PR?

[godsend74]

Why don't you try on a pair of Copper Colored Glasses Instead. b/c we have more time, sweat and money (maybe not even ours) invested in such.

www.nr.gov.nl.ca/mines&en/geosurvey/publications/CR2010/2010_Normore.pdf

Figure 4. Aeromagnetic map of the Bonavista Peninsula. Note the anomalous values separating the Bonavista basin and the St. John’s basin along the Spillars Cove–English Harbour fault and truncation of the anomalous Wolf Head dyke by the Stock Cove lineation. The creation of a pull-apart basin along the Spillars Cove–English Harbour fault indicates compressional tec- tonics with the associated sinistral strike slip.



As I believe the Bonavista Pennisula will be a slam dunk for us before HandCamp and Twi-lite.

I am confident it will be it, and more. But I also need to be careful not to wear the gold-colored glasses all the time here. Am I naive to think there is no stopping KATX here? Again is HC a sure bet to get this party started?

[Er0ck]

For Handcamp, or any of our other properties to be labled a "success" they simply need to be "profitable" and bring in a decent amount of profit. KATX has basicly no debt, so any moeny coming in would be huge for this company. To have a profitable gold mine, that will depend on a number of different things. Obviously how much gold is in the ground is one of them, but another important one to consider is how much will it cost to get the gold out of the mine it self? This depends on the type of rocks the gold is in. Lucky for us, Handcamp appears to be in pretty soft rock that would not take much effort or money to extract.

Some mines have the gold in very hard rocks or in hard to reach areas which may cost something like 60% of the profits just to get the gold out. That is not the case with Handcamp however. So now it comes down to how much gold is in the ground. There are two things that really matter here, how much gold per tonne there is, and how much the reserve is. If we find high levels of gold per tonne, but the reserve is very small, then it wont be worth as much as a mine with good levels of gold per tonne, but a very big reserve.

In our case, it looks quite likely that we could have massive amounts of gold per tonne, and it also appears that our reserve could be pretty big too.

So, for most gold mines to be considered successful, and for them to make a good amount of profits, they need around 2 to 3 gpt in the ground. Considering we could have many many many times higher than that, this could really be a very very very successful and profitable mine.

Also keep in mind, we have found levels as high as the 150s per tonne of gold in the surface rocks and soil alone. With these types of deposits, most the higher levels of gold tend to be deeper in the ground, so this would appear to mean we could really find some very hgih levels as we dig down. It also could mean the reserve is quite big too.


IMO, there is ZERO chance of Handcamp not being a success. To me, the question is not if we will have a decent amount of gold in the ground, but if it will be great levels or amazing levels.