RE: The REAL reasonIts not even about the charts at this point. I think some players are getting into short positions. We need something new to hold the price. I read an interesting article over the weekend. I cut and pasted the last part here (the first part was blah blah blah - what we already know)
Something to ponder: ...Any thoughts?
Here it is...
(Fig. 1- Breakdown of Seafield’s 449 meters grading 1.29 g/t Au)
In summary, all the excitement is over a single drill hole that reallyoffers minimal new information on a gold deposit that has beeneffectively defined by previous work. Miraflores is a discrete brecciapipe hosting a decent resource centered around a higher grade core.There may be the potential to add ounces at depth to the southwest asindicated by the deeper interval announced by SFF this week. It isdifficult to tell how much of the resource could be economically minedbecause the deposit rests on the side of a steep hill; developing thedeeper portions could entail the removal of a significant amount ofbarren rock (high strip ratio).
Although the upside to the Miraflores property may lie in as yetundiscovered or undrilled targets, that upside existed at
.23, and hasnothing to do with the 449 meters grading 1.29 grams per tonne gold or,the 415 meters grading 0.798 grams per tonne gold plus a couple of highgrade intervals.
This is not Ventana II, and Miraflores is not a large enough deposit toentice me. If other gold in soil anomalies on the property noted in anOctober 6 news release are the real sex to this play, then it is best toreally look at the historical results and wait until SFF beginsreleasing additional data from those targets. Considering that a singledrill hole through a known deposit caused over two-thirds of SFF’soutstanding shares to trade hands in one day, one has to wonder who madethe better trade, buyers or sellers. Monday’s action should proveinteresting.