Mr. Lamb, to answer your question "what happens after this (68 holes) is complete?", Kim has answered that one very clearly. We will have obtained an inferred resource of 38 million tons. At an average of .11 on gold and platinum alone, that would equate to 4,180,000 ounces gold equivalent at a 25% "inferred" valuation or about $313,500,000. Divide that by our 30 Million Shares and you have $10 per share. In other words, this very small section of the playa at a 25% valuation would triple todays stock price in REAL value based on REAL ore projections. With an infill program, still on 38 million tons alone we would move to 75% valuation or $30 per share. (of course that will be minus production estimates etc., but you get my point)
How hard do you think it will be to get someone ELSE to foot the bill to find out how deep, how far, how rich the rest of the deposit is?
Please let's think about this logically. They MUST drill first and if that drilling with SFA testing can create real concrete value with inferred, probable and eventually proven reserves sufficient to warrant a 10 fold increase in the real value of this stock, give me a hard hat and point me to the playa.
Tom F. |
