GREY:TWNNF - Post by User
Post by
digger144on Jul 31, 2010 11:52am
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Post# 17313015
MudCreeker...Give it a Break...
MudCreeker...Give it a Break...
You must be a musician....Talk about "tooting" your own horn!
The way you put it.....I feel that it is similar to buying a car and taking the extras off afterwards! Basically, the automobile can function without them but they sure look and feel good and they do add value both in price appreciation and user appeal.
I have stated in the past that the Cote Lake Discovery will prove to to be a High Tonnage-Low Grade Operation...but...will prove up to be an economically viable discovery and that is what will really counts in the end.
Yes, the operation will be based on the major component of the discovery, namely the low grade consistent values but those surprises inbetween cannot be discounted as they will ultimately add to the bottom line. To think or discount that they hit the only "glob" or nugget effect occurrence that is found in the Cote Lake Discovery would be a mistake in by opinion, chances are slim to none that they hit the only one of its kind in the large system that they discovered. There should be multiple occurrences of this type to be found in future exploration drilling operations
Your system or judgement that you used on this play and most likely others that are similar has most definitely a flaw....one good hit and your system fails. When you find something good it is better to stick to it once you are invested and accumulate on dips, that way you will be invested when good news hits, to be out and limit your profit would be a shame. The decision to stay invested must be made on what you see and I see a bright future for this play, the general market psychology at this time has played into the price drop but I see this as a good opportunity to add more shares.
There is a lot of good things happening here and to think that you can get it right in terms of trading a play of this nature would be a mistake....Let's be honest....nobody on this site is good enough to make these type of calls. However, there is such a thing as experience and knowledge that will help guide us through our investment decisions and hopefully they will prove to be the right ones!
Good Luck!
Digger144