Ann: Bonanza gold grades intersected at High Grad, page-63

re: Ann: Bonanza gold grades intersected at H... Turps,

Like most I have been burnt holding this stock and indeed management haven't done themselves any favours with shareholders.

I will however say that I agree with you about the potential.

Back in 2011 NEV018 assayed 286 metres at 0.86 g/t gold and then about 100 metres further East NEV019 Assayed 1.46 g/t over 215 metres from 181 metres.

Earlier Macmin drilled NEV008 for 272 metres at 1.02 g/t slightly to the West of NEV019 and East of NEV018.

They are very good grades when you consider the length.

And it seems the further East they go the better the grades.
If you study the recent geological reports NEV019 I think is on the edge of where they believe the porphyry is.

If they do become cashflow positive from mining the High grade zone and can drill some deeper holes, then if they find a economic porphyry then game over this stock is going much much higher.

The interesting thing is that the High grade zone, mixing zone and NEV008, NEV018 and NEV019 grades must have a source somwehere.

The question is will they find it?

IMO they are well on the way to finding it.