GREY:COLUF - Post by User
Post by
freedom045on Oct 25, 2010 10:40am
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Post# 17606849
Re: Recent news
Re: Recent newsThe recent step-out results from the new properties are incredibly significant --- SPD-072 cuts 25m @ 30.19 g/t Gold, 3.53 g/t Platinum and 4.25 g/t Palladium and Also 8.35 Metres at 53.13 g/t Gold. 450 m from the historical pit. This is incredible, this is most likely an extension of the existing mineralization. Just think about the bluesky here, these type of stellar grades extending for hundreds of meters more, (if indeed this mineralization is continuous) then this clearly indicates that there is potential to double or triple (or perhaps even more) the current gold oz estimates that the market is speculating on now.
It sure didn't take long for the market to react on this news... GMP announces a $60MM bought deal shortly after the step-out news is released. Clearly they know darn well what this means. Before, we heard a lot of skepticism about the size of the deposit... well all that skepticism can be thrown out the door now and replaced with Bluesky potential. If ever there was a Real-life non fraudulent BRE-X, this has to be it!
Good luck to the longs!