a real life comparison

I have been doing more research to put this intersection in context and have been looking @ Intrepid mines in Java. On the 27-05-2008 they released drill hole GTD as below;

“Porphyry Copper-Gold Intersected
Hole GTD-08-29 intersected 268 metres at 0.47 grams per tonne gold and 0.32% copper from 390 metres, including 100 metres at 1.02 grams per tonne gold and 0.55% copper from 530 metres.”

Two months later they released;
“SIGNIFICANT PORPHYRY COPPER-GOLD
INTERCEPT IN HOLE 35 AT TUJUH BUKIT
108m at 0.9 g/t gold and 0.9% copper, within an intercept of 627.2m at 0.45 g/t gold and 0.44% copper”

The share price went down for the second half of 2008. Sound familiar? They kept drilling and the rest is history. For me the next holes will give the real indication.

Kept the faith.

KL