RE: So So NewsI said I wasn't going to post any more but will make this one exception to point out a few things.
First, this is a good news release.
They've hit on a brand new zone of mineralization that is 4.3 km from Zone 1. The market isn't getting it yet. How much more "blue sky" will this give us??? What about the other areas that have been ID'ed by the recent airborne geophysical survey if they hit on those targets???
What about the 400 meter step out hit announced in Zone 1 in the late August press release??? I now suspect Zone 1 alone could easily be 2MM oz plus. We already had close to 1MM oz and now the 400 M stepouts plus it's still wide open. How many oz did the Zone 1 step out add??
Investors seem to forget or don't understand the significance or relevance of the metallurgical press release. Just because the grades appear not great you have to keep in mind the whole area seems to be oxidized, the metallurgical reports say gravity separation (water) will liberate the gold. Everything above 0.25 gpt is economical. Kobada is going to be cheap as shiite to mine in terms of capex to put it into production and in terms of operating cost.
I suspect there are those in the mining community that have a good idea of what AGG has at least in Mali. We already know there has been at least one 3rd party working on Kobada. Sooner or later the investment community will wake up to the facts as well and Ghana will be the icing on the cake. We will have our day. Even though the SP hasn't moved much there definitely seems to be some strong support and accumulation going on at the
.55 -
.60 range.
GLTA