Russ:
<<YMC is sitting pretty, and I can't see how this could be a sell at this point. >>
I strongly agree. For me, this is a long-term hold, although I have to admit that I sold half my initial position for a triple some time ago. Now I'm going to sit on my "free" shares and see what happens.
Thanks for the link to the WGM report. I found it to be a really good read! A few things that hit me....
They explicitly state that there still needs to be a further resource estimate breaking down the size of the sulphide and oxide deposits. However, they also show that recovery was 78.7% for oxides and 90.1% for "marble". So when I look at the "Marble Cover Area", with 4 million tons fairly near surface at 7.7 g/t (for 1.0 million oz), that looks like a pretty good starter to me -- if they're really getting 90% recovery for that zone.
Other key statements in the report that will keep me in this one for the much longer-term include:
- (Referring only to the Copler Prospect...) "The areas drilled to date represent only a small portion of AMDL's total land holdings in the area that cover mineralized and highly altered rocks. Most of the presently defined mineralization is still open in all directions".
- "High-resolution satellite imagery (Ikonos) shows that the Property is located in a highly altered and discolored area more than 4 km in diameter, most of which is presently unexplored, and all of which is controlled by AMDL".
- (Re. Anatolia's overall holdings... ) AMDL controls more than 10 major project areas covering 1,255,000 hectares throughout Turkey. AMDL's most advanced project is the Copler Project"
And finally, I really liked this little historical gem: "For most of Western history, Anatolia (present day Turkey) was the centre of the world".
For that alone, how could I resist a stake in Anatolia. Memories of King Croesus of Lydia, King Midus, etc. Dream on... :^)
Best regards,
Howy |
