This guy is right,CAJ share price makes no sense,tPress releases and the markets are funny things. I see today that Canasia CAJ put out a new release about some drill results. Now the following bit from Stockwatch reads: Holes No. 16, No. 20 and No. 21 were particularly impressive. Hole No. 16 intersected 7.92 metres grading 20.22 grams per tonne (g/t), hole No. 20 intersected two zones, the first 20.12 metres grading 7.11 g/t and the second 12.5 metres grading 7.39 g/t. Hole No. 21, the first hole of the second phase, returned bonanza values 7.93 metres of 30.37 g/t. Because snow cover obscured the surface trace of the zone, true widths could not be calculated at this time.
Ok let's take another closer look here. Hole No. 16 intersected 7.92 metres grading 20.22 grams per tonne (g/t), hole No. 20 intersected two zones, the first 20.12 metres grading 7.11 g/t and the second 12.5 metres grading 7.39 g/t.
Now I have to ask myself a few questions here. Firstly I find it hard to understand why would the stock would sell off. 13 million shares traded today and the stock is off over 10%?? What kind of world do we live in? Does anyone out there know what it takes to find gold in the first place? Hello?? Don't people do math anymore? Let's see now. There is 31 grams per ounce at $1000 per ounce equals about $32 per gram. 20 grams would be $640 per ton. If $640 per ton is not impressive then I don't know what it would take to impress. As a person who prospects himself I know people who would be dazzled by those results. Myself being one of them. Funny how the world goes gah gah on gadgets and ringtones. It's this kind of mentality that got us into this so called credit crunch. Oh, and by the way .... I don't own any of the stock.
Now on to other things. Most people know that we love silver plays here because we feel silver has the greatest upside both in the metal itself and in a lot of the silver miners we watch. A lot of them have been sort of dormant trading wise. One of them was Silver Quest SQI until now. I just noticed that trading volume has picked way up and so has the stock price. We don't know a lot about this player other than they are western Canada focused being, BC and Yukon. Put this little player on your radar. I sure am. Only around 30 million shares lots of new releases out this past month.
Lastly, for those who need a laugh we are putting together a site about some of those dud stocks. The ones that don't trade, loose money, yadda yadda. Anyways head over there, sign up and get some free duds in your inbox. We'll be doing updates a few time every week.
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