This guy has a home spun cracker barrel philosophy and I thought it was worth borrowing .
The paper needs to reprice to a new level now.
This play is developing as well as one could ask - positive momentum of improving news and firming up suspicions of a major new gold mine.
Continues through proof of continuity, grade, location, similarity to proximate geological models ... to walk like a duck, swim like a duck, fly like a duck, quack like a duck ... a multi-millon ounce golden bonanza duck that is. The strike is there, the grade is there, the potential for expansion is there ... and the multi-billion dollar question is what depth ... BUT if its big on surface ... and we see the veins are running up to 4 klicks - that gibes nicely with depths greater than 1000m, which also aligns with the other big mines along the belt - 5000 x 4 x 1500 at .6 oz/t anybody? That would be 45 million ounces. I'll settle for a heck of a lot less ... and there is potential to more than double that!
What rational trader would sell this gem under $5 now?
Wait and see what oddball market action can do. Re-read the commentary and reflect on the results. Just a great, great, great NR.
Gent