When I first bought them they where much higher than they are now.
I ask myself should I buy some more or should I not ?
If we detach ourselves from the past which is easier said than done why wouldn't we invest now.
Why not :
I have thrown enough at it already ,
I was told the same last time round,
We are no further forward ,etc
Can I afford to lose any more , etc
Why :
We know the high grade gold is there,
We know the production costs are low ,
We Know the Scottish gold will command a premium ,
We know we will have 40% of the company marketing the Scottish gold,
We know the potential for additional resources and additional Cononish style deposits and possibly an Elephant in the room,
The new board has already put in a substantial amount and are putting more in,
The RMB loan will be removed from our neck,
The long awaited and previously unaffordable Helicopter Survey will be done and I think they are not looking for other Cononish style deposits but for a much deeper and larger source/s .
We have a new board that are not short of money and have a very good track record,
Things to come and this doesn't include the current intensive ongoing sampling program which has seen rock chip samples with over 1200g/t Au :
25/02/2013
You will note that Nat le Roux didn't say Scottish Mine but did say "a significant Scottish gold mining industry."
https://www.flickr.com/photos/93177156@N07/10627483824/
There may wel be more reserves uncovered from other local areas , take Beinn Udlaidh for example , there is thought to be around 20 Breccia pipes in that area alone with over 30 discovered locally .
A few samples below of whats to come:
Coire Ghabhalach , best outcrop 21gt Au
Craig Sheilach , best outcrop 13.3gt Au 18.6gt Ag
Beinn Udaidh, 250m strike avg 2.23gt Au 5.3m best 2.8gtAu 358.5 Ag over 1m
Tom a Chro , Vein outcrop 257gt Au 118gtAg, 6 boulders avg 88.1gt Au
Arichastlich, Avg 7 boulders 37.5 gt
Au Crusty's Vein , Best outcrop 15gt Au best boulder 15.6gt Au
Crom Allt and Beinn Odhar , Best outcrops 13gt Au 89gt Ag
River Vein , 4 outcrops-10gtAu best 145gtAu 47gtAg
Halladay's Vein , Best outcrop 56.9gtAu 54gtAg Best boulder 399gtAu
Kilbridge , 16 veins avg 11.3gtAu 15 boulders avg 24.5 gtAu
Coire nan Sionnach , 250m strike avg 2.86gtAu over 4.4m
Bog Showing ,Boulder 68.4gt Au
High grade vein systems at Auch ·
Creag Sheileach o Outcrop 13.2g/t Au, 36.6g/t Ag
AQ drill hole 25.5g/t Au 14.3g/t Ag over 1.0m ·
Coire Ghabhalach o Outcrop 23.4g/t Au, 29.6g/t Ag
AQ drill hole 15.2g/t Au, 36.2g/t Ag over 2.1m ·
Clach Bhadach o Outcrop 62.4g/t Au, >200g/t Ag o Outcrop 20.7g/t Au, 164.7g/t Ag ·
Beinn Odhar o Outcrop 9.8g/t Au 80.4g/t Ag o Outcrop 8.9g/t Au, >200g/t Ag, 47.1g/t Te
All within 10Km !
Scotgold have identified a number of high priority targets for follow up including:
Beinn Udlaidh River Vein
Beinn Udlaidh Au Vein
Beinn Udlaidh Breccia Pipes
Auch vein systems
Near Cononish targets :
Kilbridge,
Coire nan Sionnach and Halladays vein
When I first bought them they where much higher than they are...
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