RE: RE: Very good news!!!!The price has been held in a certain range because there are still .65c warrants out there and they are holding us down while people are exercising them. As soon as they're all dried up we can continue to move up again and should move quickly, I would assume that will be any time now.
Since they have 3 drills turning and are continuously sending core samples to the lab we should start getting results back every 1-2 weeks as soon as the first set of assays arrived (which was yesterday).
Since this drill program is mostly shallow drill holes <250m they shouldn't take too long to process so I'm thinking 1-2 weeks for each batch as well. In the past 2 weeks was roughly the time line between NRs but they were drilling 350m+ holes so the turnaround time should be less this time IMO.
As far as the "lake" goes; according to Investor Relations the lake is a complete non-issue and can be taken care of fairly cheap so they can create an open pit or mine what they have to.
So once people start realize the lake is NOT a factor I'm pretty sure that will significantly help the share price. Hopefully it will make them realize they were missing a potential +10 million ounce monster deposit for a measly $2.40c but sometimes the market isn't very fast or bright so you never know.
The gold mineralization is still open in all directions and hasn't showed any signs of slowing down so this is only getting bigger. With the level of consistency they have been finding it will build tonnage very fast and really 10 million ounces is not unrealistic. That could very well mean a $10-15 SP within 12 months IMO. Once the 43-101 comes out in May/June with 6-10 million ounces people may finally realize what they have been missing and will want in bad!!.
Guess we'll just have to see how this plays out but I know where the majority of my money is, split between GCU and TRR. However GCU is significantly discounted at this point since they may have more gold than TRR and the shares are 80% cheaper so it makes this one even more tempting.
Cheers.
Gamblor.