Our feet on the ground.
posted on
May 25, 2010 05:16PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Whew.
Everybody okay, still have your shares?
Every time I go out on a limb I think I get burned, but what's the point of a discussion if you don't put your neck out there now and again? I think we have found a bit of a floor to put our feet on. This has been a volatile few weeks to say the least.
Gold is up a bit, and my guilty pleasure - Seabridge Gold is the big gainer ($ and %) of the day on the TSX. I didn't see any news on Seabridge...maybe somebody knows something.
Anyways, Seabridge is a monster for in situ gold. It's just a bigger monster for getting the gold out. In the middle of the mountains in the middle of nowhere, and similar to the ROF it's a question of infrastructure. Access by helicopter only.
I had access to Timmins 1 via a Chrysler from Budget Rent a Car.
What's the corelation of Seabridge to GNH? Not much in reality. It's just a pipe dream that I have that will make me appear to be of unsound thinking.
You know what's funny about my 'unsound thinking' of tonnage that I've noticed lately? I've challenged many that are knowledgeable about this project and nobody has convinced me that I'm not thinking logically, rather that I am simply choosing to actually talk about it.
My opinion? I think the gold is in the ground here. Maybe not the 5-50MM oz's I hope for but certainly more than the 1MM we know about. The real challenge we face will eventually fall in the lap of Candido in finding real support for our company, and at a higher share price.
I will actually feel sorry for the poor bastard if the assays come back favourable. If they do, he's going to have to deal with at least 15 jockeys on his back whipping that horse to win.
B
PS. And to Snezzers post - right on. This stock has great potential, but I don't have a dime invested more than I would be happy to lose if it went to zero. Don't be greedy...