Superdow,
Although I do not have any vested interest in this stock, I do have
a interest in this thread.. So I will comment..
You brought up a very important point.. about how intervals and grades are broken out.. So trust has to be with the company, who ever it is.. Interpretation is so important.
For example.. if a company wants to "slant" the intercept towards
a bulk tonnage deposit, they can have very thin rich intercept "carry" a wide interval of mineralization, although in reality, it would be uneconmic in the real world.. I'm not saying this is what
Medinah is doing, because I do not have clue about them.
Also, I think it is important for investors to have both sides of
the story.. Remember this an early exploration play.. Not six holes,
not sixty holes will make an ECONOMIC mine of this type, maybe 600
holes they will start to get a grip on things.
Another thing, from my experience, buyouts of junior exploartion
compamies in very early plays are very RARE.. JVs maybe, in the form of option agreements at any backout stage if results are not encouraging .. Usually no or minimal cash to enter but with a work commitment to enter the JV. to continue the exploartion... With the
major doing the WORK..
Also, watch the reaction to information on these type of forums.. If the regular and supportive participants jump all over other view points, that is not a good sign IMO..
Watch the quality of Info.. I seen this statement:
" With a breccia pipe with narrow horizontal dimensions and tremedous vertical dimensions-overburden won't be a problem. Don't let the Bullies of the thread confuse you on this issue."
Well IMO, this is completely opposite.. BECAUSE you can not have an
open pit shaped like a "post hole".. Pit walls have to be "laid
back at about 45-50 degrees so they will stand.. You end up with a
cone... so narrow horizontal demensions with a deep vertical demension
results in TREMENDOUS overburden problem if is to be open-pitted..
One other reason, I commented, was bcause I was asked to, by PM,
I think.. BTW to all my dissenters I have received favoable PMs
about my comments in the past.. because I believe these people
truly want to find out what to do with their investments..
Just my thoughts, while waiting for the futures to open..
good luck all in your decisions.... Coug |
