Any downward pressure will be short lived IMO -
The company is cashed up circa (7odd mill $s) to complete the ongoing drill program @Elizabeth.
Low number of shares on issue and a MC of around 26 mill which is low considering the bonanza grades delivered @Elizebeth thus far and historical drill results.
Close proximity (about 30km) to the mined 4 million ounce Bralorne and the high grade veins hits @ Eliz have similar geological structures to the Bralorne mesothermal system.
Outstanding Assays for holes reported so far with grades up to 70g/t gold.
Excellent continuity to the vein at depth and along the strike in both directions .
Ten more holes at the lab awaiting assays .
Jorc for Eliz by years end .
An ace in pack is Blackdome after analysis by world renowned Epithermal gold specialist Dr Hedenquist.
A really interesting conclusion is that Blackdome mineralisation likely extends deeper than previously thought with multiple, high- grade assays reported under mined stopes.
Tempus President and CEO, Jason Bahnsen, commented-“Blackdome Gold Mine produced approximately 230,000 ounces of gold between 1985 and 1991 at an average mill head grade of almost 22g/t. The alteration study shows that the previous drilling and mining was high up in the epithermal system, indicating there is strong potential for significant discovery of additional mineralisation directly below previously mined areas and also for new vein discoveries to the west.”
IMO if the high grades keep coming the high MC will follow GLTAH.
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