Fundamental ValueI have to say I'm somewhat surprised by today's share price but as was pointed out, there is a lot of value already discounted into the price. The supposed end of substantial news from this year's drilling versus today's significant NR may have tipped the hands of the impatient amongst us.
Think about one thing....with what's already been drilled out at the Tiger Zone, and with the real, raw potential of the Osirus discovery and the rest of their property - where do you think the share price will be just prior to, during and after next year's drill program? IMHO this will be a lot higher from here.
So, my firm belief is that patience will pay here and you can trade this stock if you want....I'm quite content to hang on and not worry too much about the daily fluctuations.
We're 10 years into this secular bull market in gold, which leads me to believe there's a good chance of this rise continuing into next year. So, another worry down the drain.
But, as I said before, there are no guarantees - we don't know if the double-dip scenario will unfold or not......however, I'm willing to take this chance but will monitor the macro-economic side of things on a daily basis and suggest you do too.
There is a real chance of Atac delineating not just a couple, but many signficant deposits along this trend. There aren't too many other plays out there that offer the potential of this one. I, for one, am willing to wait - I'll tuck this one away for a while with the firm belief that patience will pay here.
All IMHO. Definitely do your own dd.
To those on this board that contribute meaningful information, keep up the great work.
I wish you all the very best this holiday season.