PRA 0.00% 0.0¢ promesa limited

drill results to be announced soon?, page-58

  1. 1,240 Posts.
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    Firstly I am not an expert so don't trust what I say.

    The BGF report does not seem to assume high grades.

    From what I could gather from the BGF report, even if the grade is say 1g/t, given the size of the ore body and the topology, that we still have the potential of a company-maker.

    I don't think we can expect 1g/t drilling results to be visible (as there are 1,000,000 grams per tonne).

    We have recently had a 200%+ increase in land-holding and outstanding results in coming up with a new target area.

    Also from my interpretation of the drilling announcements, the company feels that their geological modelling is still intact.

    I would also like the share price to be higher, but I am going to view it, as a buying opportunity given limited sales volumes, the overall weak market and the fact that assay results have been delayed.

    In my opinion, if significant shareholders felt that there was an issue, we would be seeing a much lower share price
 
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