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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: 3bar who wrote (122138)	7/7/2008 2:48:06 PM
From: Nevada9999	Read Replies (1) \| Respond to of 313969

Good point. ARU and GXS both drilled world class discovery holes. GXS is in a much better location. If GXS' coal is worth $1/ton in the ground the deposit can easily be worth more than Fruita del Norte is worth at $100/ounce in the ground. I'm just picking very rough numbers. All that must happen for GXS is that offset holes must be similar to the first two like ARU's offsets were. Probably the biggest difference people must realize is that each 200m hole gets GXS a 1,000m radius of measured resource. I am not sure of the maximum drillhole spacing for measured resource in gold, maybe 50m (maybe someone can provide the correct numbers). The GXS resource can expand very quickly. If a lot of GXS' coal is coking coal, add an order of magnitude to the value.