What are the 2 things that make a mine?….grade and tonnage!. Can you have one without the other?..don’t believe so. What makes a successful company/takeover?…discovery’s mines, market plays and exit strategies. High-grade assays sweeten the average pot, but can’t be relied upon/calculated for when adding to a new pool discovery potential on top of figures. So how many companies are sticking their neck out Wyoming putting holes in the ground other than evg?..not too many if any. What happens to a ghost town/area of interest and those companies if/when a new discovery is made? How many holes does it take to make a mine? more than 70? (me thinks more unless your one lucky gold digger). Can anyone calculate a 43-101 from 70 holes/this program so far to date? What’s the cutoff grade for mining in Wyoming? (.025g/ton?) What has EVG identified/proven so far?..numbers with low and some high grade, which are better than uneconomic holes and they are bearing in the right direction. A shorts dream (fundamentals) consists of what 70% of the time companies/juniors are expected to get/find/drill/promote…otherwise known as nada. Pro’s (traders/flippers) tap/test down share prices/market levels regardless of what kind of news (don’t care if whether initially good, great, mediocre and of coarse on the bad…remember the ole saying…”buy on mystery sell on history”). Shorts (aka unlimited money supply) follow/pressure markets when levels/news seem unbalanced, unjustified/unrealistic (sense blood in open waters) and cover (most of the time) when fearful of a discovery/success potential (which is about what…1 out of every 500 juniors make it out there yearly?..so shorts 90% time can usually win).Downside volume comes from dumping, shorting, panic sells, option/warrant exercising, restricted paper comes free, expected financings, over hype and inside knowledge. My market evaluation…who originally had this project/ground (which major?) and what would they be willing to pay upon/for /preceding a discovery or mine?Knowledgeable/experienced management team, diversified, land package(s), money in bank, good exposure, good initial start/indications to ongoing programs with an exit strategies…what more can a speculative (roulette wheel) investment/junior provide? How much is this worth relative to share price? Just an opinion.
GLTA
El Longo