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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Bullboard Posts
Comment by rappy7on Nov 18, 2009 3:30pm
309 Views
Post# 16500774

RE: RE: RE: RE: RE: RE: Fragman...You're out to lu

RE: RE: RE: RE: RE: RE: Fragman...You're out to luFrag, please stop embarrassing yourself.  Drilling on VEN's property is NOT the same as drilling on our own.  There is a reason GWY is valued at 58 mil and VEN is valued at over 1 BILLION.  It's NOT as if we can just wait for VEN to drill and enjoy the same share price as we'd get from successful drilling on our own property. The fact that GWY's share price is NOWHERE CLOSE to VEN's is proof of this.  Obviously to investors there is the risk that the gold does not continue 1km south.  It's a SMALL risk, but a risk nonetheless.  And investors are prone to be overly conservative and GREATLY undervalue your company unless you can prove a SURE thing.  On the other hand, you get HUGE premiums (10X or more) for proving the sure thing.  Any company would be INSANE not to try and prove the sure thing when it's so likely they'd be successful doing it.
Bullboard Posts