43-101 potential
in response to
by
posted on
Feb 27, 2008 11:54AM
NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)
Reg
I can only go by my own feelings, based on following this stock for the past few years and I do not believe it is. It would be very hard to imagine the 43-101 compliant resource calculation not increasing the share value significantly. That is the confirmation that is required for many of the bigger players to buy into this stock. So far, Rainy has not had the respect that it deserves, as witness to the low volume on most days. I have seen good assay results and no appreciable increase in SP. The company has been aggressively expanding their land base with options over the past year and as they certainly know much more about this company than I do, it implies they know they have something good. Insiders have bought more, sold very little and hold a significant amount of shares. They have had very good assay results and the step out hole was great. They are in Canada, so a friendly environment to operate in and once they show the big boys what they have they will get bought out, which is why they have a poison pill in place. The share price went to $7.50 a few weeks ago so someone else thought is had value and it has now dropped to $5.30. You will need to do your own due diligence and make a determination based on that.
I am very glad you are posting here as we need all the different points of view and sharing of knowledge that we can get to make this an informative board. Spread the word because this play has been the best kept secret for too long. IMHO
Notie Girl