American Consolidated Minerals Corp AMERF

BACK IN @ 8 CENTS

[ss1867]

A penny less than where I sold about a month ago, but with todays continued accumulation as indicated by the 3rd good day of volume, this play looks like it just might pay. Gotta wonder though, I've re-read the most recent 2010 exploration update a few times and although we have an estimate of a couple hundred thousand ounzes in the ground allready, it seems that we still haven't pin pointed the source. If you read between the lines it seems management is confident that they are narrowing it down and perhaps 2011 looks very promising. Can we assume there will be no news of any substance for the next little while leading up to the proposed exploration program for next spring ? Are the big volumes merely year end  tax loss dumping with insider buying to keep the SP propped up in advance of more dilution to fund next years drilling ? How much dough do we have in the bank ? We are definetly in the right area with our Nevada play, Who's to say that with some decent intercepts we can't mimic VIT.?