Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: Mining The GNH Site.......
12
Sep 01, 2010 02:44PM
3
Sep 01, 2010 05:16PM

No point in worrying about mining cost until a 43-101 and PEA. The initial work for those won't begin til next year at the earliest, and nobody yet knows how much gold is in the ground beyond a very rough guess. Let them prove up tonnage first, then next year start worrying about step 2. Tonnage is the bigger price mover at this point in time.

I don't even think there's much point in worrying about a mine, period... I've got a feeling that this project is meant to be sold, gold in the ground, to someone like Osisko, according to some in situ valuation.

A question I'd have for someone with good mining knowledge is this: if the deposit is nuggety, how do you mine this? Do you just follow the diorite (?) veins?

Anyway, according to positive carry's data, Anon dumped half the shares sold today, and what's even funnier is, they were dumping them all into the bids. It was a pure kamikaze attack, awesome to watch in real time - half a dozen retail kiddies taken out in each sell.

I was wishing everyone would back the heck off with their bids, maybe to 50 cents, to force anon to either hold for a better offer, or to bite the bullet and sink this good for us to pick up a raft a lot cheaper.

Rule #1 of trading: don't try to stop a stock from moving down. You're too little, and Anon has proven themselves too big. Back your bids way off until you see this thing even out and hit bottom. Unless, of course, you don't care about a few pennies per share, which is totally up to you.

May just be that the Anons picked up a huge load at 20 cents a few months ago, so they don't care in the slightest what price they sell at? You'd have to look at past data to confirm this, and see when exactly Anon's ever been such a huge buyer.

Anyway, over 1% of shares traded today, and the majority dumped into the bid. Pretty awesome to see. We're back at 55, been here before, move along.

4
Sep 01, 2010 05:47PM
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