They have $2m end of last quarter which is more than enough for another drill program (which will begin immediately with a diamond rig, that's confidence). I went through this same debate with many on the RCR thread from $0.025 all the way up to the recent high of $0.15 (eventual $0.10 cap raise), many ppl were calling for a raise and not buying because of the fear - they missed out on many bags.
G11 told us everything we needed to know in their last update, understated but said enough for me to enter. The likes of Martin Donohue and crew aren't pump merchants, hence, I also think they wouldn't halt for average results/assays.
The grade in this system is 100% there, I'd like to see more width to bulk out tonnage - at current copper grade, they'll need about +10Mt to even entertain moving to feasability studies, and with 7.5kms of strike of very sparse drilling I believe its potentially achievable.
A new copper district, perhaps. VMS, perhaps. I think its something other than VMS but I'll get to that later...
GL G11 Seth
G11 Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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