Hi Arnold, Sorry I didn't get back to you, but I had told everyone at the beginning of the year that I wouldn't be on the computer much for January and February because of Jury duty, as well as other commitments. I will find out today if I must appear for further duty or not.
As far as answering your question, I see Dave has answered it for you, and much better than I could. I'd like to remind you, that vein type deposits often pinch and swell, so it is hard to get a handle on it that simply. As Dave has said, it will require more work before they know exactly how this would affect the reserves.
Take a look and you will notice that PFG's epithermal deposit on the Diablillos pinches and swells also. If you look at the map on the Diablillos you will see it for yourself. It is common for a vein to pinch and swell like this and I'm sure you can visualize it if you think of it as a hidden ribbon that has been cinched at random places, but you can't see where so you must work around it until you are able to ascertain the areas where it widens and where it narrows. . This is a very amateurish way of explaining it to you, but I think you can get the picture.
Sorry for not answering sooner, but I just haven't had time to be on the computer. Hopefully, I'll be back posting soon. I still think that those who have stayed with this stock, and even averaged down, will not be happy in the longer run.
Glad to see that the VSE felt the same way about Dave's integrity as we feel. Wish there were more like him! Seldom you get honesty, and willingness to answer all the questions, including the tough ones. Another plus with this company, as far as I'm concerned, is the way he keeps us informed, which is a real rarity amongst all the stocks that are listed on the VSE. Wish we could get the straight goods on some of the other stocks we hold, as we get here.
Arnold, if you don't hear from me... it's not because I'm ignoring you, but that I just don't have the time, for a little while longer, to be on the computer.
Cheers
Shirley |
