RE: RE: Yes, It's a Target!All of a sudden I'm hungry, Flapjack.
I really think price predictions are a "mugg's game", but as I keep saying, based on the the valuation of Nash Creek alone compared to the market cap of sxl, this stock is considerably undervalued when compared to other companies with similar deposits. We've got a 800 million dollar deposit (insitu value) and our market cap now is approx. 12 million. The upside potential is considerable. I wouldn't be surpised to see the sp increase a few fold over the next 2-3 months. To me, and many others here, the key is Nash Creek.
The Silverjack results were very good if not great (see mooreman's analysis), but I believe that the results of the one hole were released just as much to help support the stock at current levels as it was to inform investors. Remember, we advanced 150% in 2 weeks on no news. Interesting that only one hole was released.
So, over the next while we've got more Silverjack results to be released in maybe two nrs, announcement of drilling initiation on Ont. gold properties (Keezhik/Reserve Creek) and nrs releasing the results from the gold drilling and I'm sure another surprise or two along the way. And with these 4-6 nrs., we'll get the accompanying anticipation and speculation leading up to and following each. Along the way, we'll get the usual periods of consolidation before the next leg up.
I believe the fundamentals of our winter drill programs will support considerable price advancement over the next couple months, but Nash development news or a JV announcement with a well heeled co. or firm as I'm believing will then propel us so much higher. And the inequality between our property's insitu value and market cap will buffer/prevent any steep pullback. This is the beginning, not the end that a few are making it out to be.