GREY:GPLDF - Post by User
Post by
YoungRichon Oct 17, 2007 9:39pm
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Post# 13592506
Have new stopes just need time. Option $0.45
Have new stopes just need time. Option $0.45The last batch of new releases on Guanajuato were in fact about exciting new discoveries at deeper levels of the Rayas and Cata Mines!
https://www.greatpanther.com/s/NewsReleases.asp?ReportID=195994&_Type=News-Releases&_Title=Great-Panther-Discovers-New-Silver-Gold-Zones-At-Guanajuato
https://www.greatpanther.com/s/NewsReleases.asp?ReportID=162610&_Type=News-Releases&_Title=Great-Panther-Defines-Another-New-Silver-Gold-Zone-at-Guanajuato
They have the resources but just need some more time to develop them as noted in the latest news release: "...but the development of higher grade stopes at deeper levels of the Rayas and Cata Mines has been slower than planned." It's not a matter of if, but when...be patient.
Now, Robert Brown had just sold the shares that he received from optioning @ $0.45. He made a cool 211% gain. Further, there're about 9 millions warrants going for $0.90. The point is, there're a lot of cheap shares going around, putting downward pressures on GPR, not because of poor fundamentals but huge profit taking.
I'm amazed that there are hardly any excitements over Mapimi. The recent IP map shows 2 anomalies: one of 1km in diameter and the other of 2km in diameter at the NI43 defined La Gloria zone. This is exactly of the same dimensions as Goldcorp's Penasquito deposit: 13M oz of gold and 864M oz of silver, 2.67M tonnes of lead and 5.81 M tonnes of zinc!!!! Grab samples at the 2km diameter anomaly yield up to 246g/t Ag | 4.05% Pb | 0.02% Zn !
https://www.goldcorp.com/_resources/project_pdfs/Penasquito_pits.pdf
Also, according to GPR : "Mapimi is geologically similar to Goldcorp's Penasquito deposit. Both are hosted in fractured and brecciated Carocal Formation siltstones within and adjacent to intrusive-related breccia bodies"
It still early and speculative, but the similarities are very exciting indeed.
You all know what to do...