re: Ann: Clarification - Share Placement Anno... It is hard to say what Springhill will produce with a defined quantum however the geologists have confidence that it has enough potential to warrant the additional drilling which is positive in light of the existing resource, however the thing with stratigraphy is that it is differential so it could yield nothing or the absolute mother load as well in the subsequent depths between the last campaign and the 900m target. The fact that there is assay results pending suggests the geologists have found something worth testing which I would take as a positive step in the right direction.
I'll have the CEO look over the results and see what light she could shine on the potential with some probability figures, it will remain objective though and without warrant.
Dundas I am keen on seeing what results will be yielded there, nearology however is not something I would entertain with SIR either, the 50km or 100km whatever the actual distance is, is simply to great to accept as applicable for non massive ore bodies (e.g. Iron Ore, Manganese etc.) so I think we will simply have to wait until they poke a hole in the ground. The magnetics however from the DMP I dare say I am cautiously optimistic about hence I have a THR parcel to test the water with
I think THR has potential to produce some value, there was mention on another thread that explorers are worth $34 per Oz of defined resource (gold) - take the 274,000 (off the top of my head on a Saturday afternoon) - that is worth roughly $9M which I think makes THR a good speculative stock to hold on to for a while.
I really enjoy the corporate / business centered posts that you guys post, it comes natural to each I suppose to reflect on their expertise and I have learnt a lot from the level headed posters on HC. Thanks and keep it up
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