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Goldmystery
3 Comments
70% of Seabridge Gold's Resources 'Inferred' - I'm Not Holding My Breath
Normally, when well respected authors are writing an article like this, they are mentioning their biography.
So why was this not done in this case ???
This report is a sharp contract with the Dutton Report, which I really trust. Last year, I first heard from them and I read a "STRONG BUY" advise for Medivation.
The stock was at that time at 4.49$ and their target was 9$ ! I bought it at 4.55$ and sold it about 3 weeks ago for.... 22$ !!!
This is what we called "an outstanding advise" !
That is the reason why I bought this stock, based on Dutton's report, but also on a number of other authors, which were writing about the same positive comments !
About Mitchell, the author gets the point totally wrong.
Falconbridge never drilled the mitchell zone, they missed it literally by inches. He is mixing up the different deposits on this property. Its not sea boosting the 2 million ounces to 13 miillion - its a totally new discovery.
The author gets ridiculous, when he complains about the lack of indicated resources or pre feasability studies - mitchell is a last year discovery. The author shows an incredible lack of understanding of exploration business, if he wants to read a pre feasability some 12 month after the discovery.
I would advice him also to check the boards of other companies. If he doesn't like people to sit in different boards, he should not invest in miners and explorers. This is just usual. Its quite contrary: Sea has a pretty "clean" management and board. There are people in this business with far more different seats than sea?s. Check a certain Henk van Alphen if you like.
Let me say that I don´t share your conclusion inferred Resources are not valued (and therefore worthless?). Inferred resources are always the first step, there is always a necessity of upgrading the bigger part of them, but look at Miramars resourcetable: Newmont didn´t bother.
www.miramarmining.com/......
I agree that CL is a clear cut case for upgrading. Also you will see, that mitchell last years inferred Resources will move to indicated.
GM.
70% of Seabridge Gold's Resources 'Inferred' - I'm Not Holding My Breath
Normally, when well respected authors are writing an article like this, they are mentioning their biography.
So why was this not done in this case ???
This report is a sharp contract with the Dutton Report, which I really trust. Last year, I first heard from them and I read a "STRONG BUY" advise for Medivation.
The stock was at that time at 4.49$ and their target was 9$ ! I bought it at 4.55$ and sold it about 3 weeks ago for.... 22$ !!!
This is what we called "an outstanding advise" !
That is the reason why I bought this stock, based on Dutton's report, but also on a number of other authors, which were writing about the same positive comments !
About Mitchell, the author gets the point totally wrong.
Falconbridge never drilled the mitchell zone, they missed it literally by inches. He is mixing up the different deposits on this property. Its not sea boosting the 2 million ounces to 13 miillion - its a totally new discovery.
The author gets ridiculous, when he complains about the lack of indicated resources or pre feasability studies - mitchell is a last year discovery. The author shows an incredible lack of understanding of exploration business, if he wants to read a pre feasability some 12 month after the discovery.
I would advice him also to check the boards of other companies. If he doesn't like people to sit in different boards, he should not invest in miners and explorers. This is just usual. Its quite contrary: Sea has a pretty "clean" management and board. There are people in this business with far more different seats than sea?s. Check a certain Henk van Alphen if you like.
Let me say that I don´t share your conclusion inferred Resources are not valued (and therefore worthless?). Inferred resources are always the first step, there is always a necessity of upgrading the bigger part of them, but look at Miramars resourcetable: Newmont didn´t bother.
www.miramarmining.com/......
I agree that CL is a clear cut case for upgrading. Also you will see, that mitchell last years inferred Resources will move to indicated.
GM.
70% of Seabridge Gold's Resources 'Inferred' - I'm Not Holding My Breath
Normally, when well respected authors are writing an article like this, they are mentioning their biography.
So why was this not done in this case ???
This report is a sharp contract with the Dutton Report, which I really trust. Last year, I first heard from them and I read a "STRONG BUY" advise for Medivation.
The stock was at that time at 4.49$ and their target was 9$ ! I bought it at 4.55$ and sold it about 3 weeks ago for.... 22$ !!!
This is what we called "an outstanding advise" !
That is the reason why I bought this stock, based on Dutton's report, but also on a number of other authors, which were writing about the same positive comments !
About Mitchell, the author gets the point totally wrong.
Falconbridge never drilled the mitchell zone, they missed it literally by inches. He is mixing up the different deposits on this property. Its not sea boosting the 2 million ounces to 13 miillion - its a totally new discovery.
The author gets ridiculous, when he complains about the lack of indicated resources or pre feasability studies - mitchell is a last year discovery. The author shows an incredible lack of understanding of exploration business, if he wants to read a pre feasability some 12 month after the discovery.
I would advice him also to check the boards of other companies. If he doesn't like people to sit in different boards, he should not invest in miners and explorers. This is just usual. Its quite contrary: Sea has a pretty "clean" management and board. There are people in this business with far more different seats than sea?s. Check a certain Henk van Alphen if you like.
Let me say that I don´t share your conclusion inferred Resources are not valued (and therefore worthless?). Inferred resources are always the first step, there is always a necessity of upgrading the bigger part of them, but look at Miramars resourcetable: Newmont didn´t bother.
www.miramarmining.com/......
I agree that CL is a clear cut case for upgrading. Also you will see, that mitchell last years inferred Resources will move to indicated.
GM.