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Gold/Mining/Energy : Madison Enterprise, MNP/VSE
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To: Mark K. who wrote (124)12/22/1997 10:54:00 PM
From: Feline  Read Replies (1) of 285
 
If you look at cross sections of the holes to date there is virtually no lateral or vertical continuity in the gold bearing horizons. There is no way that I could see that any competent geo could come up with a resource calculation which is why the company hasn't done so. The president of this company is no fool and the property appears to have merit but so far nothing ties together. I'm waiting for the next holes like everyone else because this property is in elephant country and is supposed to be the offset (faulted) continuation of Porgera, which is a large deposit. Don't get mesmerized by the high grade roscolite zones. They, in themselves, are almost meaningless in terms of volume. Also be careful when any analyst uses the word "if". "If' my mother had wheels, she could be a streetcar. You know what I mean.
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