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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Metacomet who wrote (5772)2/1/2006 7:00:57 PM
From: ogi  Read Replies (1) of 78411
 
It is typical of resource development. First show there is a deposit, then prove that there is an economic concentration of mineralization. Once you have achieved a certain critical mass, there further exploration dollars expended actually gives a diminishing return in comparison to earlier results. Ivanhoe continues to build the deposit but that it is moot for investors now. They must prove it can be mined and then prove it can be mined as outlined in the feasibility. Today's news, as great as it is, actually is of no significance at this point. It is of significance only once mining is taking place.

Lone Cloud has the right idea, it will take years now to realize the value and the value is enormous. Whenever it becomes a mine it will be revalued.Who cares if it has 5 billion$ or 7 billion$, whatever the number is, of contained metal value at this point?

Cheers,
Ogi
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