Greetings from PDACRather than get in to the rah, rah, rah routine (your welcome Cliff), I would like to make a few observations of my full day at PDAC. The show was well attended, the displays are absolutely first class and the people are top notch.
Now............. straight to the topic at hand: THERE IS NO NEW NEWS.
Management is up beat and focused, the updated resource calculation is advancing very nicely and a very extensive drilling program on Rio Grande is planned. Drill rigs are a hot commodity (extremely sought after), metal prices are at historic levels and Lindero is scheduled to have a "for sale sign" on or about the time the updated resource is completed. I did not ask the questions management can not answer (is called inside information, and it's illegal) and knowing the Leasks like I do ............. those guys are far too professional and seasoned to get "tricked" into answering the kind of question that can not be answered ............ so why bother asking? Overall, I was pleased ..........in fact I am pumped.
Now a little rah, rah: The stock is a steal @ $3.00 and just like so many juniors ........ Who would have thought at $950+ gold, the stock would be so cheap? I talked to many junior mining CEOs and IRs and (perhaps I am too close to the situation and bias?) I COULD NOT FIND A BETTER STORY THAN MDR. I know there is frustration out there with MDR from us loyal shareholders but what can we do? I believe a very nice payout that is significantly higher than the current share price is only months away but then .......... this is not a sure thing, and the share is saying that. Sell? .............. get real, I am not going to get shaken out, I have followed and participated in this story for longer than I thought I'd be from that day I put in my first "Buy MDR" order. I picked the name StayingLong because that is exactly what I plan to do. I trust the Leasks and I love this stock ..............no regrets and no fear, I just have to keep waiting.
Cheers, SL