NI 43-101 and today´s actionLast was $ 1,80, down $ 0.20 from yesterday and down $ 1,20 from 4 weeks ago ! Unbelivable !
I didn´t sell any of my long term holdings (bought in the $ 0.50 range back in 2007) but was quite heavy on the buying side when we dropped below $ 2.00 (again!).
Will average down these traders as long as we stay under $ 2.00, expecting a nice double on those within the next 3 months.
Regarding the NI 43-101, yes, depending on where your expectations are, it can be dissapointing.
If you go for 5 million + ounces, that could be tricky for the next one. But it certainly is my minimum long-term expectation. And because I´m a long holder, looking for a buy-out price in the $7+ range, I´m not bothered about these short-term fluctuations, but instead see this as excellent opportunities to get in for a quick buck on a stock with substance and a lot of potential.
I just know one other junior with this potential (and without a NI 43-101 so far).
FANTOMAS