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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Geospoton May 09, 2012 1:06pm
231 Views
Post# 19890439

RE: RE: RE: ????

RE: RE: RE: ????

Barisian-- Thanks for the comment. While my post was somewhat tongue-in-cheek, I do think that we are still in this first phase of a bad market. Phase one was fairly indiscriminate, with almost all companies on the Venture getting punished. The ugly, pretty, and in-between babies got thrown out with the same bath water. In the second phase--i.e., recovery and rationality--people will start to discriminate. And I think this will give GCU an added advantage. Some companies were attracting investment dollars that will never become mines. And some of those companies won't get financing this year in this environment. Enter GCU. Outstanding grades -- I repeat, Outstanding grades. Seasoned, well-connected management. Some of the best geos in north america at a time when these people are very hard to find. Strong investors. A "proven" resource with significant exploration potential on a huge land area (much larger than TRR) with a primary zone that is open at at length and depth, strong investors, a world-class REE team and a joint venture with the Japanese government, high-grade potential, enough money to complete 50 meters of drilling, other interesting properties, etc., etc. People talk about the needs for financing; well, once that 50K meters is complete, they won't have to go for financing if it's going to cost too much dilution--with a revised 43-101 and a PEA they can just accept the best offer. If the pundits are correct, it is companies like GCU that will leave the others in the dust as things turn around. And if the market doesn't get really strong, money that would flow into the highly speculative plays should find its way into high-quality projects like GCU's. (I think we've already seen it with the renewed strength since the last great drill results.)

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