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Strategies & Market Trends : Beat The Street With SI Traders

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To: Veteran98 who wrote (72602)3/2/2011 11:54:36 AM
From: decky  Read Replies (1) of 233859
 
Good inteview

It seems to me that if the gold resource is 2 or 3 times bigger than the 43-101 510,000 thousand oz. would equal approx 1.5 + million oz.
As he mentioned in the interview this could be valued @ 100 to 150 dollars oz.
That would be approx 200 million dollars or 2 dollars a share.
Are these figure wrong?
Not trying to hype but getting value for the Horse race.

The current mineralized envelope, whose dimensions are 750 metres long (2460 foot surface strike length) by 920 metres deep, is 2 to 3 times larger than the initial mineralized envelope. (The original deposit contained a 43-101 inferred gold resource of 510,000 oz at 6.5 g/t Au (2.4 million tonnes).
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