RE: CLONE NEWS
Clone News Release:
This must be the shortest news release of drilling results I have seen. Not sure what to make of it because it has no details whatsoever! No locations, no intervals, no rocks, no details of any kind! Come on guys, you can do better.
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@Redrum: Regarding Silver Standards' Brucejack release:
It's kind of par for the course, don't you think. These guys really know how to run a drill program. Very methodical and very efficient. For Teuton shareholders, it would be a little more interesting if the bonanza grades were coming out of the Bridge Zone. The low grade deposits (like at Bridge) take a lot more drilling to define, and since we know Teuton does not exactly move at jet speed, it's hard to get too excited. The earliest we will see even a minor program on the High property is now next year. For myself, I'm getting a little tired of waiting until next year.
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Sort of Off Topic: SSO & SEA
I find it astounding how the price of gold never seems to be reflected in the share prices of SSO and SEA. For example, gold has added about $200 since mid April, while SEA's share price is essentially unchanged. Including only their proven and probable 40 million ounces gold reserves at KSM, that is an additional $8 billion in value (at no additional cost)! In fact, SEA's total market cap is only a measly $1.2 billion! How this disconnect can continue in the market is truly baffling.
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I've mentioned something similar before, but I think both SEA and SSO should consider breaking up their companies into pieces. Spin-off all the major projects into separate entities that might release their value. They are simply too big as they are. The way it is now, a news release like SSO's today that indicates they may have several million additional ounces is completely ignored. If it was for a singular asset, I think the market would have to react.
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Let's see how the market reacts tomorrow.