re: Ann: Ferguson Is-Successful Application f... yes great...

re: Ann: Ferguson Is-Successful Application f... yes great news
just what i had been hoping was going to happend.
This is the logical option for becoming self funded explorer.
I think there maybe a variation to the exploration licence as they were talking about Sao Chico where they can mine and remove gold to verify qualaty and quantaty of grades and amounts.
I think they were taking about a max of 20,000oz for sao chico (you will have to check this yourself as am only going on memory and mine is not the best)
anyway this is what I would be expecting as the next stage, after landholder approval, and before a proper mining lease application.
I think more drilling there for a larger and better defined JORG would also be on the cards.
If it was viable when gold was @$400 then I think we have a game changer right here staring us in the face!
lets see:
if we say $1000 for production of every oz which is a fair old amount, this would still provide GOA with $210 mill with current JOERG and gold price.
GOA can sink alot of holes with that sort of cash.
As I have believed all along, the management have their act together.
Could be coicidental that we lost the exploration lease but still went thru with taking 100% control of Furggie and now we are about to have the lease re-newed. Surprise surprise, not to me.!! this is what I have been expecting all along.
Current SP still being manipulated due to the underwritting.
maybe i am too much a conspiracy theorist and would not be surprised if we do not get any over the top news until we have 90% of CM (My Opinion Only )
GOA is for the long term holders and once again IMO only this is a great buying opportunity.
Because soon as GOA manage to fund themselves there will be many a hole going in to CM and all of the surrounding tennaments. With that type of drilling campaign what sort of JORG could we expect from CM (Wafii/Golopu)
This really is great news today!!!