GREY:BFDRF - Post by User
Comment by
TechnicalBuyon Oct 01, 2010 8:27am
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Post# 17516231
RE: True width could be much less
RE: True width could be much lessThanks for digging this up. You are absolutely right about the nature of the result.
Nobody seemed to catch the visuals that were released for this hole just 9 days earlier, reporting 300m of mineralization. The stock was trading at
.16 then. Everyone who caught that NR knew that 300m of mineralization is significant, down dip or not. I was fully expecting to see the stock pop to
.25, but not
.68.
In any case, it will be interesting to see what the new resource calculation deduces as a result of the improvement in width and grade. We could go from .5 Mt to 1+ Mt.
TB
www.technicalbuy.com