GREY:STHJF - Post by User
Post by
YoungRichon Oct 03, 2007 10:05pm
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Post# 13517519
Patterson Lake jackpot?
Patterson Lake jackpot?Drill results are way overdue
Patterson Lake is potentially an extension of UEX's Shea Creek. If this proves out to be true...10 bagger for Fis no problem
On another note... STM seems to be suffering from the same symptom as Vista Gold. Vista Gold has over 15 million ounces of Gold (this is HUGE), however, the market is skeptical about how economical these mines are.Even with $700+ Gold. Same situation with STM, huge pounds in the ground...but the market seems to be skeptical about how economical they are. The JV with Sumitomo and other companies should eventually help...but it will have to wait until U price turn around before redemption can begin.
In the mean time, STM is relentlessly being targeted by market manipulators, left right front and center...STM desperately needs that AMEX listing to mitigate this. My other concern is that Insiders own less than 1% of the shares in this company. How can they have any credibility if they don't put their money where their mouth is? David Miller and Devinder are the only exceptions...but again, less than 1%!
That being said, STM is still a great company and very undervalue...but in light of MM and the current, albeit temporary, pullback in U price... it will be a while before STM can move up again.
Anyone wanna check out Exeter Resource? Exceptional managements who hold 25% of the company, huge upside (Caspiche is potentially a 10 bagger story in the making), and while STM is excited about its JV with a Fortune 500 company on 1 of its property, Exeter is partnering on 85% of its projects with heavy weights like AngloGold, Anglo American, and Rio Tinto... simply because managements were able to prove (literally, through presentations) to these Big Players that they are the best of the best ...Best of all, Gold and Silver have not yet enter the mania phase like Uranium...