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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by barisianon Jan 25, 2012 11:32am
285 Views
Post# 19446850

RE: Market sentiment for GCU

RE: Market sentiment for GCU

Seems we are coming in at the low end of the estimates, meaning around 2M ounces.

 

Although I haven't a clue where we're coming in at, I don't think management does, either.  The 43-101 is produced by an independent, third party.  Management will likely only find out the actual numbers just before the news is released. 

 

I wouldn't read too much into our share price at this point.  It's probably that everyone is doing the "wait-and-see" dance right now.  If we do surprise to the upside (i.e. greater than 3 million), you'll probably see a flurry of buying activity.  If we disappoint on the numbers, it may very well be that weaker hands will be shaken out quickly, causing the sp to dip.

 

Just my opinion on the matter.  Good luck to all either way!

Barisian

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