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downsideup

11/11/11 11:58 AM

#110886 RE: downsideup #110885

If you assume that there is a "sponge" six hundred meters deep or more, that contains gold... and that sponge got heated up and squeezed hard enough that the gold they've found was melted and forced out of the sponge, all the way to the surface...

The questions are...

First, how much gold is there, near the surface, and what value does it have ?

Second, given the extent of the ores near the surface, and the higher values in the gold that is being found near the surface, how much of what was in the sponge does it represent ? Did the sponge get squeezed dry... so all the gold there was in the sponge is now on the surface ? Or, do the higher values that are being found indicate, instead, that there is a really rich sponge down there, with only a fraction of it having been forced to the surface ?

We're not sure, yet, what the focus is in the effort in exploration they're conducting now.

Are they looking to answer the first question... about the extent and value of what is near the surface ? Or, are they looking to answer the second question... about the sources of the stuff they've already found ? Some of each ?
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incubus-now

11/11/11 1:20 PM

#110887 RE: downsideup #110885

proof will be in the results.
when that happens, nobody knows.
hey, great buying opportunity......
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webpence

11/11/11 3:01 PM

#110902 RE: downsideup #110885

I suppose you could get a reasonable idea of the type of drilling they are doing now by looking at phase 1 of the ST NI report's recommendations. In the two phases, it looks like they were to lay a grid and outline a low grade high tonnage deposit while also doing a bit of deeper drilling to test one of the potentially higher grade zones that could be promising at depth.