Gold Canyon Resources Inc V.GCU

GCU valuation and perspective on NR?

[Chobits]

Today GCU announced: Step-out drilling continues to expand the portage zone at Springpole Hole SP 12-146-343 meters at 1.50 gram per tonne gold including 108 meters at 3.44 grams per tonne gold”

And its now trading 2,99% higher then previous day close. And GCU have a market cap around 160M.

Semafo announced today: Semafo discovers new mineralized horizon at Samira Hill in Niger Including Values up to 1.48 g/t Au over 43 meters, 1,41 g/t Au over 32 meters and 1,89 g/t Au over 22 meters.

What I do find interesting is that Semafo is trading 4,38% higher then previous day and Semafo has a market cap on 1.5B

So could someone enlighten me what I’m missing? Or is that I'm thinking completely wrong?

https://goldcanyon.mwnewsroom.com/manual-releases/2012/Gold-Canyon--Step-Out-Drilling-Continues-to-Expand

https://semafo.com/press-releases-details.php?id=187

[godisgr81]

One thing I can assure you is that if we didn't announce the recent financing, we would be trading around $1.90 - $2.00. The news today is fantastic and it's been consistant with previous DR that we are adding ounces and the zone is mineable with very good strip ratio. The recents releases should get most of the interested parties excited.

[Schill]

The best drill results are worth nothing, if there is no perspective. What get's me really excited about GCU now, are the sensational developments at the management level, which give the DRs much more weight IMO.