RE: This will be huge!!Might as well post the whole section on GCU. This is from Tom Calandra....it has over 3170 reads so far..Saturday at noon AZ time.... it's going higher on Monday...I don't care what gold does....
Investors have stepped up to the plate in the past two weeks after seeing the Springpoleassays. A summer drill program is striking fairly consistent grades ofgold and silver in breccias-hosted pods and veins. Still, Gold Canyonstock is now at three times its $50 million market capitalization of August.
To believe the momentum continues is to believe further assays duein December will show lengthy intercepts of significant gold grades atthis alkaline intrusion deposit. If you are doing the math, Springpole might hold as much as eight million ounces of gold. Thus, even with a lowly peg of $100-per-ounce in the ground, Barrick Gold (TSX: T.ABX, Stock Forum)or another large miner would need to spend about $800 million on apurchase. On a fully-diluted basis, the $2 stock one day could be worth$7 or more. Gold Canyon has other projects as well.