The Cashflow Bullet, page-500

Hi Kojack

yeah I saw that Samboy mention they are confident hopeful their is a 500k deposit at Tallman. Just think Samboy is a little too over optimistic LOL

Never the less Ohio Creek and Tallman look very promising but the market is obviously not as optimistic as Samboy, the market wants to see more evidence that a bigger deposit exists. The drilling has been quite limited and hardly gives an indication of the size of the deposit.

What we see at Smarts and Hicks if that gold occurs well below the existing pit but being so narrow makes it difficalt to extract via open pit and not big enough to justify going underground. Not quite the case with the Smarts underground, I believe the grades are much better and it's a decent size ore body but with the cap ex required and high costs of underground mining the POG needs to be higher to make it viable. Think they will do the primary work on Smarts and sit on it until the POG makes it viable.

I think the stock market is quite different now to 20-30 years ago, back then investors/trader were much more speculative. Also these day the reporting standards are much more strict, you can't suggest to the market there is a possible 1m ounce deposit without evidence to back it.

As time passes and try does more exploration and drilling they will get a better understanding of the geology that in turn will help identify the big deposits. To date relatively little modern exploration has been done and with so much near surface gold all over the place it would be very distracting.