RE: Some questions...While I can agree with your frustration with how long it's been for results I really can't see there being a sell off on the next NR unless truly weak and delusional hands are leaving. Anyone who is going to let go of shares in a company trading at a market cap of $75 million with potential to be an Osisko like deposit in the exact same minng jurisdiction is sabotaging their own opportunity at making alot of money. The holes yet to come are Eastern Extension holes as well as VG hits and as proven by Osisko, spectacular holes are not needed when you're looking at open pit deposits and with the price of gold at $1400 an oz!
Osisko 2005 Phase Two Headline Drill Results:
Osisko 2005 Drill Highlights
-48 m at 1.29 g/t au
- 193 m at 1.22 g/t au
-125 m at 0.82 g/t au
- 259 m at 1.0 g/t au
- 142 m at 1.39 g/t au
- 7.5 m at 4.19 g/t au
Theday OSK announced it's Phase Three Drill program with only two drillrigs with a plan of only 14,000 metres (later 13,000 more m added) thestock opened at
.68 and climbed to
.82 cents on the day.
Phase 3 Drill Results of Early 2006:
- 170 m of 1.35 g/t au - OSK opened at
.85 and closed at
.99 - January 5 2006
- 1.88 g/t over 80 m - OSK opened up at
.96 and closed at
.97 January 25 2006
- 18 m of 6.57 g/t au - *comparable to GBB's phase 2 hole of 26 m of 4.6 g/t au - Feb 6, 2006 - OSK opens
.95 and a high of $1.02
- 103 m of 1.94 g/t au on March 23, 2006 helped OSK close at $1.55 a share
Idon't believe these intercepts are remarkable nor something that cannotbe attained by GBB as their latest drilling has not been spectacularbut the VG hits and deeper holes are yet to come which according to OSKgrade is not very relevant as all their NR's were received quite welldespite grades on deeper holes averaging less than 1.5 g/t au, tonnagewas what mattered.
When their resource estimate came out inDecember 2006 stating that they had 6.5 million oz of gold at a gradeof roughly 1.4 g/t au the stock opened at $4.20 and hit a high of$4.67. That's a massive move to the upside for a stock as they closedone year earlier in December of 2005 at
.45 cents per share. Therewere no massive NR's with bonanza grades which causes some stocks tobecome easy 3 to 5 baggers just consistent NR's proving up tonnage andit's only so long that a SP can be held down. The most amazing thingabout this is that all of this happened while gold was sitting at ameasly $650 an oz...