I didn't know you said it was Bre-x, if you did then I guess you must be lumped in with the rest. This play is far off of being a Bre-x, given it has already been mined and gold was found in abundant quantity,..or maybe the Chinese just like to dig tunnels in cliff faces. I was not referring to you, but the many ANALysts yapping or writing in the media that know little to nothing about mineral exploration or mining, and are envious of the current gold run, and are quick to declare that any gold exploration stock that takes off is now a Bre-x.
Even 1 g/t could be economic here if that turns out to be an average grade, given the oxide nature of the mineralization in the tunnels, and the possible continuity of this type of mineralization over 1.2 + kilometers of strike length. Try out some rough tonnage calculations given the possible length of depth, dip and strike,...(200 m x 500 m x say 1200 m x 3 tonne per m(cubed) x 1 g per tonne)/31 g/oz = 11.5 million oz gold.
In any event,...there is your view,...and there is another more optimistic view. This is not a Bre-x, some gold is there,..but it may be more run of the mill than the current shareprice would dictate which gives a $250 + million market cap.
As far as a track record,..in the stock market game all track records exist only for the present. The principles at SWG have a track record too,...one that includes no bullchit and no pump and dump,...although they have a lot of friends in the brokerage industry that love to pump a good story. A recent newsrelease states that SWG will buy back their shares over the next year (and the past states they usually do just that) and the management will not sell shares during this buyback period.
No reason to be sorry for speaking your mind,...but no reason to drone on about it either. |
