RE:RE:Tucker... thoughts on news?These are notes from a metals analyst that hasn't initiated any actual coverage on the company. Anything we're missing here or is he correct in his analysis on YGT? What do you guys think?
"To con target is very deep. It will take very consistent, high-grade mineralization over good thicknesses (2.0 meters or better) to be worth going after. This is very much an “if, not when” question. The spec of gold in the photo is almost meaningless.
The Yellorex drill results don’t look economic. Story unchanged.
On the bright side, it’s good to see the company optioning non-core areas of it properties, especially for metals that are not its focus.
These shares have plunged into Penny Stock Hell. No surprise. It’s going to be difficult to recover, absent truly value-adding drill results. Good thing the company has cash to try with—but deep holes at Con will burn through that pretty quick. More dilution is inevitable here.
My take remains that it’s best to keep a safe distance until there’s clear evidence of an economic tenor deposit in the making.