RE: GOOD OR BADI'm certainly no mining expert...but 15-20 metres true width on the discovery hole just doesn't cut it. Takes away a lot of the blue-sky potential for this in terms of the scope of the deposit. I think GQC's results are still good overall, but certainly not "great", and the potential exists for some more exciting results down the road.
I see this stock at the very least testing its 200 day moving average, about 52 cents, and probably going a little lower still.
Ultimately it'll likely settle around .40 before recovering. Could see a bit of a knee-jerk bounce tomorrow but heavy resistance overhead.
Those are my thoughts for what they're worth. We really needed 30-40 metres to put this thing on a good run, and 60-70 metres for a great run, and I stated that earlier. It just didn't happen. Those are the breaks in this business. I bailed this morning at .76 and .71 and lost some money even after loading up at .65 over a week ago.