RE:RE:RE:Recent buyer must not have been buying due to Eldorado - Maybe Man Prime?Although the first set of results were not what we wanted, the potential of Eldorado hasn't changed. These were only the first few holes. How many deposits were actually discovered with the 1st set of holes? Not many! If this were the case explorers would have an easy job and majors would probably do their own exploration instead of buying out juniors that made the discovery. If finding deposits was this easy we probably wouldn't have much left in the ground! It is said that on average, the 3rd company exploring the property usually makes the discovery if there is one to be discovered! Why? Its because finding them is not easy and as the property gets more and more holes drilled in the high potential targets the area to be explored gets smaller and smaller so if there is something there it becomes easier to find!
CXO was very lucky to make their discovery hole in their 1st set of holes. Lets not forget how long and how many holes this usually takes.
Looks like the market knows this as there wasn't much selling and the asks remained relatively thin today! People know the potential and the downside is minimal so why sell prematurely???? Man Prime has a lot of potential is also being drilled right now!
CXO knows this and also knows the potential otherwise they wouldn't spend another penny on this property. Money is hard to get for juniors so spending it wisely can allow one to survive until brighter days come back for this sector!