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

To: loantech who wrote (46710)	8/9/2007 11:57:18 AM
From: ogi	Read Replies (1) \| Respond to of 78432

I was comfortable with my naked drill play on TK til you bought in!! Now I am scared:):) Not much to say really, TK has a property that is proven to be mineralized so that reduces the bet a bit. Also, previous mining has left adits, so TK has the added advantage of looking at structures underground before ever drilling, bonus. The area was mined of the major vein, the play is to drill disseminated bulk tonnage material that was indicated by the sampling and geophysics. I am disappointed by poor drilling progress/ mechanical failures because to me that indicates a lesser drilling outfit, maybe not but... Bottom line, they hit we win, odds are better than a true naked play on virgin territory, they miss we lose because the odds are always LONG. Risk reward is pretty good if you think the downside is say .20 because it is not ridiculous to project an upside of $1-$1.50 with good hits. The new Australian property I am not yet familiar with and have not spoken to David H. or Andrew C. about it. Nonetheless TK has for the last 3 years been a one shot at a time play, that will change. Fingers crossed:) Cheers, Ogi