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CDLGold

10/25/11 2:42 PM

#2755 RE: Gmoney2 #2754

Gmoney,
Good point about patience.Haste makes waste.I heard a
financial advisor from UBS say don't let you emotions get control
of you in investing.Since Gary stated they are trying to build up ounces,your 3 points make perfect sense.Gary also stated that the
data provided from the N43-101 would be given to the major,and they would determine how many ounces they think are there.Since
the porphyry on TPW is larger than any discovrerd in a long time,it may take longer to discover how much gold is there.However,if a JV takes place,and multiple rigs appear from the major,I still believe this will speed up the process from the buyer,resulting in the buyout,and shareholders pulling profit off the table.If I get any ideas about how a JV works,or read any articles from colleagues,I will share it with the board.
CDLGold
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saskwatch

10/26/11 12:45 AM

#2769 RE: Gmoney2 #2754

The question becomes what additional incremental value (in the form of increased reserves) are we generating for each additional dollar spent drilling TPW...and how quickly are we adding this value?