Cal,
Apparently, the delay was due to GMD's decision to incorporate some really good drill results obtained after calculations on data submitted earlier were in progress. See Dr. Webb's answer in reply to Rick's question.
Why the delay? Perhaps only one of the two separate sets of calculations ex.(1. Giroux, and 2. Reeseman (sp?)) was received and GMD is still waiting for the second set before releasing the full story.
Somehow and quite inexplicably so, I am suddenly seized by a feeling that my earlier estimate of 3 million oz. gold might have been somewhat overly optimistic. Even if the calculated number of ounces of gold is, say, about 1.5 million oz. (as stated in the Howlett Report at the start of the GMD website), and the pog is US$250 or C$350, and the reduction factor is 80%, and the total number of shares is 20 million, then each GMD share should still have a potential!!! worth of about $5. Factor in the diamond potential of the Royce property, and each GMD share should be worth even more.
Richnorth |
