OTCPK:EXSFF - Post by User
Comment by
groovin123on Jul 26, 2008 5:10pm
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Post# 15332668
RE: Speculation and News?
RE: Speculation and News?Hole #12 is now being drilled to test the dip of the structure.
The magical third dimension required to give us a start on volume, and tonnage. Every hole counts, but this final dimension will give speculators a number to work with and truly launch the stock. Or tank it I suppose, lol.
IMO, if holes 8-11 come in similar if not better to hole #7, God knows where the SP will "peak" but it will surely move the "floor" well up from the high .40's. It would be nice to crack $1, for sure. However, speculation is pretty much dead in the markets right now, and discoveries made today will be significantly underpriced as compared to what they would've been priced at a year back. "Sell on news" seems to prevail for anything that isn't completely ground-shattering in the precious metals mining arena - which is funny because you watch these natural gas plays, coal plays, etc. acquire a 1 MIL piece of property and their market cap jumps up like 20 million on NOTHING... where are people's heads right now, I dunno... I made good on QEC, and PCQ and took the money and ran on an easy double while people were pumping these area plays to the moon... hilarious.
I am still convinced gold will become the next hot ticket. $1200 December gold futures calls are being bought up in huge numbers at the moment (as per Retuers article yesterday), the $US made some sort of miracle comeback this week but I am damn sure that will be short-lived.... you expand your M3 exponentially and your currency APPREICATES..???? Gimme a break back.
OK here's a question :.
If #7 was plugged into a mag-low 600metres in length, and #8 was plugged into a seperate mag-low anomoly 800 metres away.... how long is that second mag-low anomoly?
If hole #8 runs, and no, I am not betting the farm on it, but if it does, how much larger could this possibly make our discovery? I just dug through all the previous NR's and there was no mention of it....