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Message: Re: Sedar / Aug 26 at 13:30 - cedartree
2
Aug 29, 2008 05:45PM

I gave it a quick read, and overall it sounds good to me. Gradual progress, with some good grades. My gut feeling is that we'll open higher the next few days.

One thing that needs winkling out is what's different between this info and the last NR. This is not a proper NR in that there isn't data with specifics on each hole, and of course one wouldn't expect that in a Sedar report. But it does reference a lot of work done past Aug 1.

There are some good samples plus quotes of the good historical results, but we're getting hard to please compared to last Fall.

That said, the August 1 NR was disappointing in that a ton of holes were reported and in general the grades were not too impressive. Here with this Sedar I get a better feeling that things are moving in the right direction.

Perhaps they are saving some specific results with some good things in there for the next proper NR. I has been 4 weeks since a real NR now. So overall good - I figure the price action has a fundamental reason to get well into the $2-3 range, but the general mood will govern that.

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