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Message: Re: 20,000m drilling
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Dec 15, 2011 05:28PM
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Dec 15, 2011 05:48PM
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Dec 15, 2011 06:00PM
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Dec 15, 2011 06:20PM
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Dec 15, 2011 06:24PM
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Dec 15, 2011 06:36PM

I believe most people don,t get the point about how this company chose its shareholders. Even though its mentioned time and time again, it seems to fall on deaf ears. Most make the mistake with comparing this stock to other explo stocks, and what could, should and has to happen.

The foundation of this stock is the everyday Joe, not institutions and financial arms, or other companies. At times like the current market, the reason you see almost all juniors SP,s down is because of institutions, funds that were liquidating and forced some retail to sell on top of them pushing the sp,s down further. Factor in some margin calls on these big players from other areas of the market, and they will sell their high risk first. This kills many juniors, sometimes for many years, even though they have considerable resources.This stock is unique in this respect and is the reason why it has immense strength and is able to hold its own in tough markets. If there would have been funds in this stock from the $.40 level, there is no way we would be trading at $2 today, most likely the sp would have been around $.50, like so many other juniors today with excellent prospects.

Most of us here on this board has held together and tried to hold on as much stock as we can to support our investment. This means a lot and will enable us to get through the tough market without losing much ground til the assays come out. This is where we helped management in retaining value for all shareholders, by providing the support while they did promo to counter the selling and sustain a reasonable sp. When everyone works together, so much can be achieved.

By keeping the sp up, management were able to do higher priced PP,s causing less share dilution and self funding the company through options, warrants and private hand chosen participants in the PP,s. This in turn has added immense strength to the sp.

On the drilling side of things, I cannot justify in my mind Lori bringing in more drills if we didn,t find something that suggests we are gonna need 3. If she hasn,t found much, we could have just kept poking around with one drill, and like others here have said, focused our attention on to the Vilcoro or the other new properties. We have 2 analysts suggesting at least a couple million ounces on the Tesoro, add a couple more million for Vilcoro, and in time we should have at least 4 million ounces. Although these analysts are paid by the company, they cannot put out a bogus report.Miners today are looking to make aquisitions of 5 million ounces or more , if they can find them, as of late, some of them have been buying 1-2 million ounces because anything above 5 million is rare at this time, and other big miners own them or have their feet in the door already.

Everyone has there own opinion, this is mine.

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Dec 15, 2011 08:44PM
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Dec 15, 2011 10:33PM
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Dec 15, 2011 10:46PM
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