re: Ann: Drilling Update - High Grade Results... Yes,...

re: Ann: Drilling Update - High Grade Results... Yes, undervalued with huge potential, /cheap, and a good stock to hold going through the last months of orphanage prior to completion of FS in July/August 2013!
But even at todays prices we have a probably cap ex of around 200,000,000 being paid back in 36 months and a pretax profit of about $77-75,000,000 with the distinct potential of much greater returns and payback of capital depending on the rise of gold over the next two or three years.
The Mt Kare project is likely to enter the mining phase in late 2013 or 2014 (post BFC) and a year or two before what will probably be the all-time global crash of the US dollar (predicted 2015-16) which has the potential to push the gold price to way past $2,500 per oz.
Should the price of gold rise to where most seem to think it will be in 2014-15 the project will have a payback period of less than 12/14 months
"Spectacular" in grades and spectacular in timing!
Past results have included 36 meters @ 400 g/t (13 oz) au.
For most this level of mineralization is unheard of.
We are getting a bit blasé here on this site.
Most open cut project operators with 6-7 g/t would be dancing in the street.
Wait until one or more of the three new Roscolite targets are drilled........
If they hit a "Zone 7" style mineralization fault these have the potential to double the resources (as if, or almost) 'overnight'.