yay ;)Expectations were not just tempered with this release they were killed. Why else would we drop 20%. I think we will continue to drift lower in the very near future. Im tempted to sell and move on, but i wont. I have resigned myself to the fact that money invested in this stock is trapped here for sometime. The lower this stock travels the more likely it is that we wont even get back to the .19-.20 range even on the pop. Im definitly NOT buying more unless it drops another 50% or something crazy (i doubt it).
The most telling part of this release (updates are always appreciated even if they suck) is that we have 2 different belt formations to deal with on top of the nugget effect we were already having trouble nailing down. Sooo we have a nugget effect we can`t properly gauge, we have 2 different belt types screwing with the models and we are using a high cutoff grade of .05. Things are definitly not as rosey as i thought going into this. Still... I remain hopeful that things will work themselves out,....eventually.
We could always hope Gold travels to $5000 an ounce like some tool had the nerve to say was coming in the next 2 to 2 and a half years yesterday on the stockhouse home page. Best of the bullboards my a$$ lol. That would definitly cause this to move...
***Goldboro may incorporate two different styles of gold mineralization. The gold can be concordant lithologies - the classic "Slate Belt Model" of the Nova Scotia gold mineralization - and can also crosscut lithologies accompanied by a darkening of host rocks either in less competent, fine-grained argillites-shales-slates or in more competent, coarse grained and massive wackes-arenites-sandstones - the classic structural "Lode-Gold Model". The geological team believes that combining both styles of gold mineralization could potentially have an impact on estimated tonnages.
The nugget effect, as with historic and current gold assaying protocols and results, continues to create major inconsistencies in modelled gold grades. The technical team is applying and testing different statistical protocols to overcome these discrepancies on an on-going basis in parallel and independently of the current resource estimates. This information will be integrated into another technical report planned for later this year after the next round of drilling. ***