Thanks Eric.

The great thing for me is that this confirms that the people behind the company intend to move the share price with news. These people are real serious if you have done your DD on them. I missed the ride with Pacific Rubiales from $2 to $34 but I got in heavy in OYL near the 70 cents mark when Pacific Rubiales took a big chunk of the bought deal financing. Since then OYL has almost doubled. These guys will make lots of money with OYL as well I am sure so I still have a decent position there.

Now they got into GCM, bought out Medoro which was pissed off many investors of Medoro and are now turning this company around. They have big claims: 540k ounces at about $800 per ounce starting in 2015. Now, anyone can have plans, the problem is not many deliver. I have chosen to believe that they will deliver based on their track record. Companies doing half a million ounces around $800 right now in this undervalued market have MC of 3B or more which would be $5 per share at our FD share float. Since the market is forward looking, I believe we could see something like $5 a share by December 2013 assuming they deliver on their targets.

With the feds now making QE3 almost guaranteed, I think it is a slam dunk that we will see $2000 in the next 12-18 months. I am picking GCM as my favorite gold producer to ride this next gold mania phase. I also have some CAN, LSG, CRK, GAX, GNH but GCM is my biggest position right now. When gold really gets going, I expect all of these to do well.

Glorieux