Post by
idleintruder on Jul 28, 2020 10:39am
Market Madness
I keep thinking of this part of the News Release:
"The results disclosed in this press release: Support the discovery of a substantial gold-bearing system at Patwon, with multiple intersections along holes, including frequent high-grade intervals; and Demonstrate a strike extent of at least 350 metres and a vertical extent of 200 metres. True widths vary considerably but could reach up to 80 metres.
The Patwon gold zone, which starts from surface, remains open along strike and at depth. Significant additional drilling will be required to define the full extent, shape and grade of the mineralized body.
The Patwon Prospect is part of a NE-SW high-potential corridor at least 7 kilometres long in the central portion of the Property. Using the Patwon footprint, data processing is underway to further define comparable targets within this corridor.
The Elmer Property covers 35 kilometres of a highly prospective underexplored Archean greenstone belt. The Wapatik Property, 100% owned by Azimut and located further east along the same geological trend, provides an additional 24.4-kilometre-long prospective strike"
I thank the market for the big discount. Good luck!
Comment by
OgnyQ4 on Jul 28, 2020 11:17am
Nothing could describe better, the Mr. Market behaviour today,than this quote : “The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is a realist who sells to optimists and buys from pessimists.”