RE:RE:IgnacioIgnacioCashmere wrote:
I'm still here. #1) We did not strike out. #2) bulk tonnage is more preferable to skinny veins imo #3) they cant find what isnt there, but they did find something. I have a tiny position in this, so i am not losing sleep if things dont go well. When you have to measure base metals in parts per million, you dont have economical grades, so they can call this "polymetallic" but we need a much higher grade on the copper. The discovery is not impressive, that is why the selloff. A lot of people speculated on this & want out with the results that are not stellar. Thus could be dead money for a long time, 6-12 months. But it is intriguing they have multiple veins & the possibility of bulk tonnage and at low depths. Out of spite, i refuse to let someone have my shares for 8 cents. So good luck to all holders & who knows how long it will be until they can scratch enough money together for more drilling. They did hit high grade but the width is too small & not widespread enough to support the speculative price. A market cap of 2.7 million is just crazy low, but a large crowd wants out now.
Yup those higher gold grades are too skinny perhaps. Obviously having such grab samples sets you up for a defeat with any almost news other than bonanza type discovery. Another thing that was obvious to me, this was leaked and insider desperately tried patching it up with public market purchases. Glta