Well, given current market conditions, the results released today were, once again, met with indifference.
Even though the assays may not be the grade to garner mass investor attention and "light up" the message boards, the dimensions of the orebody have significant tonnage implications. With a near surface, flat lying orebody ranging up to 40+m thick. 100 - 300 m in width and so far 1400 m in length, there is little doubt in the viability of Nash Creek as a profitable open pit mine. And with success so far in correlating the deposit to the geophysical and geochemical anomalies, it's highly probable that the last 600 m of these anomalies will add even further to our resource - that's over another 30% in strike length to be tested.
Speculative markets are undoubtedly hurting during these times, but rest assured, there is nothing speculative about the orebody being proven up at Nash Creek. In time, sxl investors will be holding shares of a junior mining co. with a open pittable 10-20 million tonne deposit, and this ridiculous market cap of $11 million will be long behind us.
Have a great weekend everyone!
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Mike Taylor discusses 2007 accomplishments and presents his outlook for SLAM in 2008.
