shane17the trading pattern of metalex and area players is trading about the way it should be....an immediate jump on news of massive sulphides......then a drop from profit taking to those who dont want to keep their money in it betting on good news...then some moderate buying by people with a better idea of what semi-massive to massive sulphides with copper/zinc sulphides means...then a quiet perid until actual assays come out..i would expect this quiet period to hang around for a few more days until we see the first round of assays...
keep in mind that eyeballing base metals is much more acurate than guessing gold or PGE content (unless of course u have gobs of VG). only the WSR/NOT/MTX folks know what we might expect in terms of grades and at this point no one is talking.. What they have done though by VERY QUICKLY acquiring adjacent land tells us that they believe they have something SIGNIFICANT (its a subtle read between the lines thing).
What we should expect ahead........only the first few holes will be released initially and they have the narrowest and less heavily sulphidized material than the latter holes, so if the news is reasonable in the first few holes then we should expect an even better round of assays for the latter holes. If this proves up, then the market may react negatively to the first few holes (expecting great stuff) and present itself with an even bigger buying opportunity.
Hard to speculate at this point, but I'm thinking the results will be good enough to make it jump and never look back and once the last few holes (ie 95 meters and 131 meters of semi-massive to massive copper/zinc metal) are released it will be far too late for people to get any cheap stock. by then MTX should be about $1-2 a share.
Patience is the key.