Unfortunately, we can not control the broader markets!The technicals and or charts are not looking very positive,
in hand with the markets, the election and COVID.
No one wants to admit this, however I will say this, we are now in play, but only after we get through this next 60 days.
Why do I say 60 days?
1) USA Election, if Trump wins, the next day he continues to govern "as usual". If Biden wins, we have to wait for him to be installed iin January 22/23 and by the time new policy's are implemented, its May.....
2) Tax Loss Selling right up until Dec 28th
3) Fury drilling- Annouuncment next week? Coommencment of drilling. 50,000 metere if its only one rig, they will be drilling until fall next year. OSK a year ago had 84 rigs turning, now reduced to 21 and 3 in motion.
4) Once drilling commences were 3-5 weeks before first 4 or 5 holes go to the labs for asay.
5) Labs in PQ are now backed up timing is 5-6 weeks, which means, and this is reality, its January before we start seeing first results. If they add a second rig 50,000 meters
can be completed by June.
6) Christmass- labs shut down around the 17th of Dec only to reopen around the 4-8th of January, only adding to further delays.
J 103 so brace your self, this is the reality, OSK is the KING in Quebec, they led the way with how to get aggressive, un precidented was 84 rigs....21 is still the same, there is absolutly no other company in the WORLD with 21 rigs on their property turnig....
I have had two independent geo's look at what we have, we have a winner, what we now need, is this election behind us, Markets dont like uncertainty....
Gold, loves QE, higher interest rates and administrations that just keep printing money!