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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Comment by Cousin_Gerton Jun 15, 2010 8:42am
322 Views
Post# 17188970

RE: News 47 g/t (1.38 oz/ton) Gold Across 2.5 m

RE: News 47 g/t (1.38 oz/ton) Gold Across 2.5 mThis looks like a "Heads Up" news release to me. They are saying that 8 holes have been drilled already and "All" are in mineralization and some are showing more Visible Gold!! In other words this appears to be saying, "for those would want to risk a few bucks, now may be the time".

It should be noted that the total drilling from these two shallow holes is only about 100m and with an 8,000m program planned, I can only imagine how many good results are going to be continuously released. At this rate, they could be coming out every 2 to 3 weeks and if they hit a few big ones, even quicker.

It will only take one or two holes like those in the winter campaign to bring out the serious buyers. Last time as I recall, nearly 15 million shares traded in just a few days after the big hole releases(with 3OZ & 15OZ intersections) and the share price nearly doubled(and has sense held most of that gain). This time I suspect another double could happen just as quick even with much lower volume as it appears that shares are getting much harder to pry outy of holders hands. The upside at the moment to MOA surely is several multiples or more, and this 8000 meter program could get it there pretty darn quick...C.Gert
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