Gold-Ore Resources T.GOZ GREXF Message Board

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Gold/Mining/Energy : Gold-Ore Resources T.GOZ GREXF

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To: IngotWeTrust who wrote (31)	1/16/2007 2:16:13 PM
From: dorinho	Read Replies (1) of 49

Hi Guys! Yes, I am perplexed at the timing as well. Plus I would have enjoyed having a shot at some of those shares. I have no idea as to the whys and wherefores of PP timing. Doubtless it was in the works for some time. To get into 'full' u/g production, monies were required for equipment and the like. Plus the option payment was due. Thus that is the trade-off ... PP for ostentibly full production mode by the 4th quarter? Which should be in the neighbourhood of 20K ounzes / quarter by then. Certainly nothing to sneeze at. The cash flow generated by the large bulk 'sample' will be substantial and this will defray the drilling campaign. On balance I do not like the PP dilution but still at 80 something million shares FD, we compare very well with the majority of similar stage companies. GT, I certainly will add if we see half a loonie! And personally, your comparison with CMM was not the best comparative choice imho!! I do not have enough experience to predict what will happen from here on. But I suspect we will pan out OK .. consolidation in the low 70's ......... who knows!! Much depends on the bulk sample results and the drilling within and towards Storheden. I believe the "connection" to be there and we know the marble cap thins to nothing somewhere in the NW 800-m. If the drilling this year points towards the likelihood of a super-pit, (and I believe the odds are in favour) then I sense that the ruffled feathers right now will be forgotten! Plus if we end '07 with 80K production equivalent, given $300 / oz/ earnings = approx. 0.28 per share ... nay bad at all! All the best compadres! Saludos! Dorinho

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