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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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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

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Message: Re: Questions/Concerns

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Re: Questions/Concerns

posted on Jun 14, 08 08:37AM

I suspect what they are doing is drilling in as many localities as they can pay for. The goal being to find a saleable resource. If they do the drilling to T-M along with finding out if the T-M deposit is economic then they can stop and look for a partner. I do not see any possibility that they can develop these properties on their own.

Unless they find enough resources in one of the other properties, then sell out for enough cash to develop the T-M property. A 100TPD operation processing the Mg ore would not cost that much, but would generate so much free cash-flow as to enable them to grow internally into a very large operation.

So maybe they are looking to develop other resources to use to fund operations at T-M.

Lots of speculation here.

Andy