will this be the week
posted on
Jul 25, 2010 01:37PM
So far in 2015, three trenches have been completed in the area covering the smallest proposed pit located furthest west with channel sampling from the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m.
well guys not sure what everyone else is thinking but after reading through gbb nr's, website updates,pictures,bmr's articles on gbb, talking with management, etc,etc, i personnally think that the time to get in at 49 or 50 cents is nearing an end. i could be completely wrong but i feel that there have been repeated "read between the lines" undertones in allot of these articles and this thing is ready to take off in a big way. everything in the market is risky but my feeling is that if nothing is a sure thing gbb is the closest i have encountered to a sure thing so far. it seems the downside risk here would be very minimal and the upside is "blue sky". let me steal part of a post from a member of another board which i feel explains things a little farther
In the last 30 days 30 million shares have traded at an average price of .54. The previous 30 days 32 million shares at .51. And the previous 30 days 36 million at .39. So about 100 million shares have traded in the last 90 days at an average price of .47.
i personally cant see the first set of assays coming up anything short of great but even if they do, if you are holding this long term it really will not matter much, with the aggressive drilling that is planned the exceptional management team coupled with their bullish interview and nr, i can not help but be very excited and bullish on this companie. than add in some articles like this
Junior Gold Stocks The fact is the major gold companies just don't have as much talent as the juniors in making discoveries. That's because talented mine finders want to work for themselves instead of for the majors. It's also because they stand to make a lot more money out on their own. A top geologist with a major that makes a big discovery might get a sizable bonus and a new credenza in their office. Meanwhile, a junior mining executive who makes a big discovery could make tens of millions of dollars — or more. So the major gold mining companies are in desperate need of acquiring new deposits. And I expect that we will see many more announcements over the next few months of majors buying out junior gold companies with big discoveries. The investment upside for junior gold stocks has literally never been better. I recommend looking for underpriced junior gold stocks with good management, tight share structure, and large resource base in geopolitically safe regions, such as Idaho's Boise Basin or Canada's Abitibi Greenstone Belt. (The Boise Basin, in fact, is one of the most overlooked gold-bearing regions in the world.) I fully expect gold to break the $1,500 level within the next 12 months. That means 2010 will a breakout year for junior gold stocks beyond anything we have experienced in the last 10 years. We still have a long way to go before the junior gold stock markets reach their peak. I urge you to begin establishing positions now. The price of gold is sending you a message. Are you listening? Good Investing, Greg McCoach The junior gold stock market can be very volatile in both directions. It can move very quickly at times when major market events — good or bad — occur. And what investors really need to remember is this: In the past ten years, the junior gold stocks market has only rallied about 25% of the time, and been mostly in the doldrums for the other 75% of the time. Right now, the junior mineral market is suffering. This is most clearly evident in the down-trending activity of the TSX Venture, which made up of about 50% of junior mineral stocks. Since the beginning of the summer, the TSX Venture has shed almost 20%. Take a look: Investors have recently been moving out of junior gold stocks and in to cash over fears of a second wave of financial troubles. Meanwhile, physical gold and silver prices remain strong, recently breaking record. And I believe we will continue to see pulsing momentum of increased interest in the market as the world financial situation is exposed for what it really is: a house of cards. I don't think it's a bad idea to raise some cash at the moment, especially on positions that you've made any significant money with. However, I would advise investors to stay in their core junior gold stock positions. Personally, I have always felt more comfortable with making long-term investments. I can sleep well at night with and not worry about the short-term trends. Successful trading takes very specific skill sets that most investors simply don’t have. This is why as a newsletter writer, I take the approach of investing over the long term for most subscribers and not worrying so much about the short-term ups and downs we go through within the markets. As an example, I have many clients that bought gold at $300 or $400 an ounce ten years ago and were holding for the long term. They have done exceedingly well. A good friend who traded the bullion market over that same time period recently told me he wished he had just kept his original positions and not traded. The amount of stress and worry he had to deal with as he traded the short term were a gigantic cost to him, as were the loss of profits. The long-term trend is totally in our favor. Yes, there are always hiccups along the way — but gold and silver prices will continue to power higher and move junior gold stocks in the direction we want: up. As the parabolic moves come when world fiat currencies fail, there will be no better place to be than gold, silver, and their respective mining shares. If you feel like you are a good trader, then by all means go for it. But for the average investor, I think you want to raise a bit of cash now and let the rest ride. Good Investing, Greg McCoach i know one could argue that you can find an article to argue ones point anywhere if you look hard enough but i would seem to me that the savvy investors along with there pro gold and gold junior articles and writings are becoming ever more previlent in the last few months. so of course do your own dd, but i for one am going to let alot ride on this one and am quite willing to live with the consequences good or bad as my dd and research has and will continue to be ongoing. glta
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