RE: TriggersI didn't realize there was drilling on the other properties, do you know when these are set to begin?
As for other triggers, there are samples in the assay lab from the latest drill results. But most important is the completion of the first ever 43-101 on the property. This is really biggest news I think a mining exploration company can get at this stage. The 43-101 report (Q3, underway right now), followed by the feasibility study in Q4, will detail how much of a resource is in the ground. The 43-101 is the result of numerous drill programs and geological models, all put together the guage a deposit size. Based on the size/grade and economic viability of the deposit, we can determine whether or not the Border property can be turned into a mine.
If yes, then work will begin on a development and construction plan to get the mine into production. This may include financings, JV agreements, off-take agreements, acqusitions etc.
If no, then GXS put together more drilling programs to further define the property and/or one of their other properties.
I'm new to GXS, so didn't realize this trend of selling on news every time, which is quite ridiculous at this point with what looks to be good results and a major catalyst due within the next 6 weeks. The market did have a broad sell-off yesterday across the board. As for today, many venture stocks are down. I hope it doesn't pull back to $1.2, but if it does then so be it. Would look like a good time to buy more. Then again, today seems like a good buying opp to me, but i'm too new to GXS to understand the pattern so i'll wait it out day by day to see where it goes.
Later