No idea, one could postulate any number of ozs, when grade, width, depth, continuity and strike are all unknown. Well let me just say they will never drill off 50 mil ozs as it would be a waste of time. Whoever buys them might see 50 mil ozs throughout the years of production, who knows, maybe even more. Meanwhile, EAS will get big enough once it is CLEARLY over 10 mil ozs that a major will have to move on it fairly quickly. The plan was to do a 43-101 pretty quick, that seems no longer the case. The question is what quality the ozs and what will we get for them eventually, $50,$100,$150. or more per oz? And how will shareholders know if an offer is fair or not without a resource calc. guess it would boil down to how much cash or how many shares from the offer satisfies the greed in us. And our sense of the project may yet depend on what has been drilled outside of Main Miwah. On any takeover there should be some upside for the acquiring company but I don't want to end up giving away more than what I am being paid for.
South Miwah Bluff, Moon River, Sipopok, the Ip between M.R and Sip. all to be drilled and now we have "West Main Miwah", there are other targets still no doubt. New zone is very interesting, another target we won't have a drill on for months unless they get on with a PP and bring in some more drills. |
