McFauld's, SPQ, & NOT - area play
posted on
Jan 03, 2008 11:56AM
I don't want to weary everyone with the fact that McFauld's is an "area play". But the reaction of the market today to Hole #18 of Noront makes me want to emphasize this again.
Hole #18 was excellent. However, with "Glory Hole #5" preceding it, today's reaction perhaps should have been expected. This reaction covered all of McFauld's juniors.
So what's the market looking for? I, for one, think the market wants "tonnages". 43-101's will help give us numbers. The tonnage numbers then will yield the $$$ value of the minerals in the ground.
This dollar value is key to any significant movement upward in share price.
Comments?
Snug