daytrade diaries... november 4, page-40

  1. 25,108 Posts.
    Endless - Regarding LRC, Mr Gary Steinepreis was a non-Executive Director of the Company, and Directors (especially non-Exec. Directors) chop & change companies all the time.

    "One swallow does not a summer make" ~ Aristotle

    I don't quite understand your comment regarding the 2m ozs! The Company stated 1-2m ozs (not 2m outright). This is for the whole Arqueros Project. Extract from the Quarterly:-

    Prospectivity

    Previous mining (2000-2004) on the Arqueros Project focused on underground extraction of high grade slugs, with about 275,000 of gold equivalent ounces at an average gold equivalent grade of 7 g/t over five years. The project is considered to be prospective for a 1 to 2 million ounce deposit based on 20-40 Mt at 1.5 to 2 g/t Au equivalent. There are also a number of additional high quality targets within the Arqueros license which are known to be mineralised but poorly tested.


    So, are you saying it's not possible for LRC to have 1-2m ozs of gold as a resource??? If so, can you substantiate your reasons as to why for me (perhaps on the LRC thread)???

    Cheers, Pie (:

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.