Ron, My only point was that many were absolutely certain that each of those properties had the goods. I mean, no doubt, bet the farm, kind of certain. But in all cases, on close examination, everything fell apart.
The market on the whole will likely never take assays from DD properties as proof of anything. Recovery is the key and MGAU is taking the right course. And they must start with their own testing to see if it makes sense to pay a third party to verify it.
But even receipts from the processor aren't ultimate proof that the gold came from MGAU ore, or that the ore wasn't tainted, or that gold wasn't used as the collector metal and therefor the actual yield from the original ore was only 10% of what was recovered, etc. etc..
Is it encouraging? Sure. But the reason we have extra concern about J/L is that we at Naxos paid them a few hundred thousand to achieve some results, any results and they came up with zip. So now with just a few months at MGAU they are producing over an ouce per ton. Something is not right or not logical.
Your stock price does not indicate a market which believes you have a couple hundred million ounces of gold. So you have to ask yourself why.
Believe in your cause, support your investment, but don't bet the farm until you have good reason to believe there is no doubt about announced results.
Again, good luck.
Tom F. |
