bit of a wake up call to all the exuberanceAfter Quadro had miserable results, Labrador comes up with equally disappointing results.
Sometimes people need to realize how difficult the exploration business is. Just because you
have New Found which has had stellar results does not mean that everyone around them is
going to have the same. I look at companies like K9 who have yet to have one set of results and
has a price appreciation the last few days running from .30 cents all the way to .59 just because
Sprott took a position in it. People need to do hard valuations on these companies and not get
caught up in the pumping and the excitement. There are two companies right now who have
maintained nice results that being New Found and Sokoman and even though the results have
been good I think they are about to pause here. New Found for where they are right now is
grossly over valued and Sokoman in my belief also needs to correct. Too much too fast. As for
Labrador it looks like a much bigger correction like Quadro may be in the cards.