The value of being SCM''s # 1 Gold Stock Pick?Who knows? It is a tough question to answer, although logically this endorsement is a VERY positive development. Marc Davis has constructed a well written, compelling argument that should take away almost all of the fears surrounding Lindero and if Lindero is in fact a viable economic deposit.
I would think that any current shareholders that were thinking of bailing on MDR would cancel their sell order after getting the straight goods from this report. On the flipside, those looking to start a position or to add to their position in MDR will likely move quickly to get a fill.
Monday just might get interesting when you consider that this report came out AFTER the close on friday.
Here are a couple of lines from the report:
"The upcoming resource estimate will also demonstrate how far the deposit has advanced since the publishing of an independent NI 43-101 compliant resource estimate in 2003 that calculated around one million ounces in the inferred category, averaging 1.08 g/t gold."
"Moreover, the advent of a pre-feasibility study (a preliminary blueprint for a mine) within the next few months should put to rest any lingering doubts about this being a prospectively very lucrative mine-in-the-making."
Looking good, Cheers, SL