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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (26966)12/4/2006 11:24:30 AM
From: heinz44  Read Replies (1) | Respond to of 78413
 
Is that what one calls the nugget effect? Didn't we see that around 95-96, actually every 8-10 years over the last 30?
In the meantime CDY.....gets no respect,go figure



To: E. Charters who wrote (26966)12/4/2006 10:55:00 PM
From: que seria  Read Replies (1) | Respond to of 78413
 
Eric: How realistic do you think it is that the mineralization Noront drilled into has continuity at anything approaching this grade for more than a few feet? I lucked in early thanks to Condor's post, and am tempted to sell half on the double if it stays up tomorrow morning. That is only because I'm guessing they drilled into the intersection of two ore shoots, or down a vein, and it is far from repeatable. The upcoming PP won't be at this price either.

Then again, $40MM isn't much of a market cap if they get another intersection or two even a tenth this rich in one of their assays-pending, apparently widely spaced remaining 8 holes. Seems from the tenor of their PR that they think they'll have something more to show us. Question is: What part of the float is actually expecting more holes like this one, and will sell if results are very good but much less---say, "only" 2-4 ounces/ton?

Even if that is the first reaction, I think buyers with Aurelian-regret will interpolate the grade and continuity for the space between this hole and further good intercepts.