Re: next run up
posted on
Oct 02, 2010 09:17AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Hmmmm, next run up...
1) Tempered with more realistic expectations as to where our share price is headed - sign that cooler minds are getting into this stock and a much more "deliberate" rise in share price... to???
2) Dependant on the assays, will disappoint shareholders who really don't understand the nuggety effect of this play and are disappointed with the results, therefore bailing out of Golden, dropping the price... to???
3) Next news coupled with "estimations" closing in on our touted 100 million tons at X% grade inspiring the people who are looking for the next major gold play to finally 'commit' their money to where their brains have been only 'looking' over the past several months... driving our share price... to???
3 different scenarios that could affect the outcome of our next 'run up'... I am cautiously optimistic for #3 but will be expecting #1. I think it will all depend on how the news is written along with the assays from several "better" holes than were reported in the first news release (notwithstanding the hole with 34 meters grading 3.68 g/ton, of course).
Are we getting better results? Well, that remains to be seen. Does anybody really know? Well, the statements coming from the company "suggest" that the later holes are a lot better... but only the company officials really know what is about to be told to us.
I remain cautiously optimistic that we will be in for some very good results, but moreso for some longer core lengths as opposed to high grades. Now, if you are trying to build tonnage, that is certainly the way to go. Like it was said here previously, if there was gold in the "ounces/ton" coming out of the ground, then this area would probably be mined already...
100 Million Tons... Bring it on!!! Let's get a handle on that figure and THEN move on to proving our belt up, and I think that is exactly what our management is trying to do. I can really appreciate that... and I can really appreciate between 6 and 10 million ounces of gold in our deposit. That is the number to get out to the masses. And don't forget that our leader FC mentioned on his interview that this was "economical" to mine..................
Herb