GREY:XMTTF - Post by User
Comment by
juststocks500on May 15, 2014 7:33pm
132 Views
Post# 22567691
RE:RE:Right tigers, right
RE:RE:Right tigers, rightYes. That's the bet. Nothing more than an educated bet at this point. The drill results will still remain indicative. After all, it's only 4 holes. To reach "Stellar", we'll need more drilling. But more drilling will be justified and the odds will slowly stack in the longs favor. The optics you are presenting, as history confirms, is the only other way; significant losses to bagholders. I agree and can't argue with that.
Realistically, it's still a 12-18 month play, assming progressive and constant favorable results. I just listened to a You-Tube video interview with the ZEN CEO, around May 2012. Was surprised to hear they completed their drill program (studies et al.) with just over 1 Million dollars although they had raised 3M. So I figure XME will be able to go a certain distance still with the 1.2M they raised. This should help them weather out any short term storm.