GREY:TWNNF - Post by User
Post by
Sharpie009on Mar 04, 2012 10:35am
609 Views
Post# 19623809
Buy now or Buy Later
Buy now or Buy Later PRO
On the positive side we have a resource of > 6 million ounces of low grade ore in a favourable jurisdiction with a favourable strip ratio.
CONS
On the negative side market reaction was tempered with the 10% reduction in grades which was simply corroborating the somewhat poorer drill results this past year.
The PEA is now due in mid 2012. That is not this weekend at PDAC or very shortly as some have indicated on this board.
Markets in general are now overbought and due for a correction which will include the gold mining stocks.
Will wait and reexamine situation in the summer. Don't see any catalysts for price to increase in the near term.