Re: Potential cup and handle breakout...
in response to
by
posted on
Aug 24, 2009 01:20AM
In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits.
No doubt about it - that's probably a monster C&H, target > $6. Impressive platinum results. I'll buy a little.
I won't go into it big, though; I was scammed on a promising Brazilian stock before (bizarre story) so I'm a tad reluctant to dive right in. As South American countries go Brazil's very advanced but it's still South America; the last time I checked (4 yrs ago) their legal system isn't fairly accessible to Canadian companies and their governance is pretty sloppy.
This post is ambiguous so I posted here rather than there.
Thanx for the tip.