GREY:COLUF - Post by User
Post by
stalwart1on Sep 16, 2009 6:52pm
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Post# 16312542
PIT DRILLING
PIT DRILLINGThe first hole into the pit was finished on sept 1st and was drilled to 250 m from shore and due to the angle of drilling the hole was probably approx 125 m below the pit. As we are all aware the have now added another rig just for the pit testing. The recent sp movement imo is probably due to the increase in the price of gold and the pgms. I am still of the belief that this is still a sleeping giant right now! The .50 move in the sp over the last few days is but a grain of sand in the wind as far as what i believe this stock could do over the next few months. If the assays of the pit holes come back anything close to the historic cvrd drill core numbers the all bets are off and my guess of 8-10/ share will be blown out of the water. There is a reason jim dines said this may be the richest deposit in the world.