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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: AuBug who wrote (41812)	6/5/2007 12:14:59 AM
From: E. Charters	Read Replies (1) of 78417

Correction to my post. The Hughes group represents the other showings in the area, particularly to the north, as narrower, not lower grade. The other showings are for the most part, higher grade than the Hughes/GCR showing or discovery but admittedly not as wide. However it should be pointed out that the Liberty stuff does go to 17 meters. Not 70, but not bad. The total nickel content as I pointed out in one of my posts previously is about the same in the area showings/deposits in order of magnitude as the Hughes showing, which points to the vent system of GCR being roughly the same sort of volume as area showings. The Liberty drill holes which go to 6% Ni and some of the Inspiration drill holes contain 1/2 to 60% of the nickel contained in the 72.5 metre 1.14% Ni GCR drill hole. The GCR stock price is just about fully discounted for a small to medium sized ore body. If one figures that the GCR showing after feasibility will be about 1/3 drilled off if it fits practice, then you could say there could be room to move on the run-up, but stock prices are rarely discounted to the maximum size of the ore body, not yet found. If GCR is a huge orebody, then it is not of course discounted, but this is very hopeful speculation. EC<:-}

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