Jay Taylor
Skygold Ventures Ltd.
SKV-X
TOP PICK
Jun 25, 2008
Developing the Spanish mountain gold project in British Columbia. Sedimentary-hosted gold system is a new type of deposit to North America. Low grade, but very large. Have between 1.7 and 3.5 million ounces so far but only 20% of the main zone has been drilled. About a 97% success ratio on drilling. Speculative. Grossly undervalued.
Has the Spanish Mountain project in British Columbia. Have made some very good progress. Doesn't know what the ultimate economics or size potential will be but believes there will be multi-million ounce. A very undervalued stock.
Made a very good discovery in Spanish Mountain B.C. A low grade, but large deposit. Before it becomes economically viable, it has to get much larger than what it currently is and he can see the potential for it to get that big.
Their Spanish Mountain project in B.C. looks like it has the potential to grow much larger. Very levered to the gold price. Relatively low grade as well as unknown metallurgy. Won't be very exciting until there is 2 million plus ounces. Doesn't expect anyone to take it seriously until there is metallurgical testing.
Just drilled a step-out hole in British Columbia, which could give a potential of 10 to 20 million ounces of open pit gold mine. Will be drilling aggressively this year.
Thinks the stock will be at this level for quite some time. There is no up or down trend that is easily definable. It could develop, but you have to wait for the next news item. Stocks like this tend to move very quickly, but always on news and with big volume. You have to wait for this.
Great geologists working on this. Have roughly 2.5 million ounces with an average grade of about .8 g per ton. Economic cut off is .5 g, which gives you only a .3 g margin. Also mineralisation is a radically distributed through the ore body. If gold goes to $2000, this will do well.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.