GREY:CRXEF - Post by User
Comment by
Durkastanon Nov 01, 2010 3:56pm
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Post# 17641281
RE: RE: Market implied value
RE: RE: Market implied valueI understand why the price dropped. The mineralization in hole #3 is at too great a depth for open pit mining. But holes #1 and 2 are both at depth too. It would seem that an underground mine is a foregone conclusion.
Too many people thought that hole #3 would turn out like the first 2.Sorry guys, not every drill hole can be a ringer. So some initialselling happened, followed by the inevitable parade of lemmings off thecliff.
People are scared that future drill results will more closely resemble #3 than #1 and 2. The truth is that it will likely be somewhere in between.
I'm holding on to my shares. This is such an obvious overreaction.