Copper-zinc exploration in the Flin Flon-Snow Lake VMS Belt

Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres

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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Share Price Going Forward

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bamako

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Re: Share Price Going Forward

in response to Share Price Going Forward by highwayman

posted on Oct 06, 07 10:22AM

A few naysayers, including a couple of bashers who mentioned downside risk of 90 cents, may still see their day. I am long on VMS and believe they likely, even at this early stage, have at least 10 million tonnes ore (with great upside from there), but I also don't want this board to be pollyanna-ish in terms of ruling out any downside commentary. Problem on SH is that downside mentions usually come in the form of unqualified bashing. Upside potential on stock is many dollars.

That said, the next assays won't be as spectacular, and this was suggested in the September 17 news release. Will this have an effect on the sp? Possibly? But the key remains imo, the magnitude of the discovery hole and the potential size of the deposit as it dips. Moreover, there are many anomalies (more than 800, of which 5 coincident with ground geochemical signatures were cited due to accessibility during warmer months) to investigate.

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