I am going to change my outlook for Damoti.
With the new info I got from Paul, I am going to change my whole value on Damoti.
The way I take it, Standard has Norris Lake yet. About a month ago, he talked that way. With Damoti and Royal oak mill up in the air.
I think I will just sit back and relax.
And see what Paul can pull off. its worth something, thats for sure.
I just am going to hope for higher gold prices next year.
gold-eagle.com
Initial up-leg: 339 - 257 = 82
Low = 257
Price target # 1 = $401
Price target # 2 = $448
Price target # 3 = $544
"Another characteristic of the Rule of Seven is that in dynamic markets, a FOUTH
objective must be considered. The FOURTH price target is seven times the initial
up-leg projected upward from the low of that leg." In this case the Price target # 4 =
$831? my my my, it may well threaten gold's record high of $850 made in January
1980.
I sure am Glad my Sister is VP of a Bank, she will understand my Gold Fever. YAHOO.
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this value IMO is canceled as of now.
Everything still Stands IMO. RE: Damoti Lake. 1 Billion Deposit, IMO.
With the resent news on Zopilote, New anomalies, IMO, its just a matter of time till Paul finds a J V partner on
that
one.
But, IMO, the really big play is Damoti. Just think about this.
If you have been with the company a few years, we sure don't have to go over the great drill results Damoti can
serve up.
This is just , IMO, but I believe that there are 3 mil or more ozs at Damoti.
this is just MO, that is for sure, BUT, time , I think will prove me right.
They are comparing the BIF deposit with the Horseshoe deposit,
If Standard can raise some funds for drilling Damoti this year, that would be great.
TWG sure must be thinking about getting 100% of Atlanta NOW. their stock is flying high, I sure would take it
and
Cash to dump Standards 20%.
If SDM can sell Atlanta and get a J V and some cash at Zopilote, I sure feel that they can do Damoti 100% on
their
own.
If gold can stay over 300, and I don't think that is a problem, just look at the numbers.
I am going to use 300 bucks per oz,
if a mill is built, or use one in area, they have ore stock piled.
they spent 2 1/2 to open it up.
lets take 1 million oz production, should be no problem, IMO
thats 300 million cash flow, @300 gold
More drilling and development finds 1 mil more ozs.
1 Million oz production @ 350 = 350 Million cash flow.
and this will include Norris Lake , to be on the safe side.
more drilling and development finds 1 mil more ozs.
1 million oz production @400 = 400 million cash flow.
1 mil @ 300 = 300 mil
1 mil @ 350 = 350 mil
1 mil @ 400 = 400 mil
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3 mil @ 300 + 350 + 400 = 1,050 million, that's 1 Billion 50 million.
I am figuring a bull market, and gold price average over a few years.
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there are 5,000+ holders of stock out there, I sure hope you don't let this possibility slip thru you hands.
There is no Hype here, just basic info , Paul Saxton and his team have experience, I hope every stockholder can
do
one little thing to help this Mine get off the ground. I will do mine.
I have been buying and selling AEM since 1970, this is my 3 cycle of buying, holding now, for who know when.
Subject 17654
I am going to be here buying , I am here till I see Damoti in production and Zopilote.
then by that time, they can put me in the nursing home, with the pictures of our party at Damoti Lake, I will be
throwing.
That Lake better be DEEP.( update from Jim, it's only 3 ft deep ) But that is O K, we will have so much money
when Damoti gets into production, I will built a small lake to raise Walleyes. and a few ducks. Then I can watch
them mine the rich high grade ore.
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Damoti Lake,
north of Yellowknife in the Northwest Territories, Canada.
Twenty- three out of thirty-five underground drill holes
encountered mineralization in excess of 0.1 ounces of gold per
ton. The most notable drill hole, UGD96-31, encountered 28 feet
of 4.201 ounces of gold per ton. This interval, which far exceeds
a previous award winning intercept, included assays of 7.85, 12.10
and 27.22 ounces of gold per ton. In some drill holes, the
thicknesses as indicated in the following table represent the
additional extent of mineralization thickness beyond the walls of
a 10 ft. x 10 ft. drift which has already passed through the
mineralized zone. Based on these significant assay results Quest
is confident that the property, as explored to date, contains
greater than the 600,000 ounces of gold originally projected.
assay results from its 2.5 million dollar underground exploration
program at the Damoti
Lake project located in Northwest Territories, Canada. A decline
has been completed in
the Horseshoe Pyrite zone for a total length of 172 meters and the
South Drift on the 275
meter level is complete. Work continues on the North Drift on the
275 meter level.
Drifting on the 260 meter level is in progress. The drifts are
designed to test gold grades
and continuity of mineralization along strike in gold zones
previously intersected by surface
drilling. One meter samples have been collected and assayed from
both walls and the face
of the drift. Assay results indicate that the South Drift has a
mineralized zone
approximately 40 meters long by 3 to 4 meters wide.
Happy buying and holing in gold boom.
PS.
I am not going away.!!!!!!!
I rode the bad time down, riding good times UP.!!!!!
Holy Cow, someone just bought 1,600@.20
IMO, over the long term, they will come out ahead.
having very good luck with Standard Group.
its going to take time, but a few years, if I am still living, I will be here, WITH THE GROUP.
and Hope TYREX RESOURCES will be involved with Standard.
ALL have a great weekend,
I will , passed my Real Estate exam yesterday, every two years, have to take a exam on new stuff to keep My
Brokers License. |
