RE: Hate to sayIt's too bad any run on this thing was blocked before the results! Then it would have just settled back to .12 or .13 while we wait for the other 7500m of drill results.
Like the NR said it's 'stockwork' moly mineralization. Nothing really notable besides the entire area probably has high grade small veins. They are going to drill the 10,000m and they've only got 2500m done. I wonder where they will decide to point the drills now? Maybe they would be better off expanding the resource in the known deposit? Or will they head tot he Quartz Breccia area?
Check the old NRs through March/April 07. Holes 07-02 and 07-06 are the only ones solely in the QB area. 07-03 and 07-04 are Alaskite/QB holes that pulled up long lengths of solid mineralization as well. Hole 02 pulled up 500m of 0.7% MoS2 and hole 06 did 200m of the same. These are the only two holes in that area that was abandoned once the more favourable Alaskite became the focus. I wonder if they might try more there? They only did one hole in the Granby area as well.
In any case, you're probably right there will be a lot of sellers whose expectations were not met. Unfortunately we'll have to let the SP rebuild itself again, unless some nice fella puts another 1 mil share block up to stymie any movement upward.