JUDGEMENT DAYI will let those here be the judge regarding my stance and potition on GCU.
Am I a BASHER-----or----Am I a PUMPER?
Am I a NEGATIVE influence----or-----Am I a POSITIVE influence?
I believe, IMHO, that I am a long time and a long supporter of GCU.
I also believe that to be too far "OVERBOARD" in EITHER direction is USELESS.
That is of course unless one is PAID to do so----which I am NOT.
If anything, I believe that I am skewed more than a little, to the positive side---since I have a rather large
invested interest in this stock.
I also believe, although it is hard at times, to be objective and realistic.
What I post, is what I truely think---right or wrong----I do try to be honest about things, to the best of my
very limited abilities, limited understanding, and extremely limited experience.
First off, I think YESWECAN made a slight slip of the tongue regarding Big Bertha.
As I pointed out, to me the BEST NEWS is that Big Bertha now has a 'twin' sister-----BOUNCIN BETTY.
We now have TWO DEEP DRILLING RIGS drilling right NOW at Springpole----"The BUTT SISTERS"!!!
Thus the deep drilling capacity has been DOUBLED.
I am surprised that no one has called public relations at GCU to find out exactly WHERE Bouncing Betty is
actually drilling, and reported such on this bullboard (ie. where and closest to which previous drilled hole
it is drilling) IF, and I repeat IF, it is drilling where I postulated previously---in the "middle of the Portage Zone",
then it's time to get REALLY EXCITED about the short term----because IF the results here are any where close to
what is expected, regarding depth and continuity from the surface down----then the hole WILL be the
"STUFF of LEGEND" that I predicted previously----AND---our share price will really rocket.
The retired writer of the INFAMOUS "QuickNotes" will be immediately called back to work PRONTO!!!
Before judging me, please carefully read the full post I made over at the TRR bullboard completely, and
in it's entirity. It is entitled "PREPOSTEROUS". I won't repeat it here, but it is worth the read.
BACKGROUND------the way I understand it, somebody wrote an article in the Northern Miner, which basically
stated that the management of TRR purposely, somehow, OVERSTATED the number of ounces of Gold
in their NI 43-101 completed LAST YEAR. The figure released in the report is 4.22 Million Ounces,
AND ALL in the INFERRED CATEGORY.
I said that this was absolutely PREPOSTEROUS. I said that by definition and strictly regulated and reviewed by
the securities commission, the NI 43-101 was prepared by an INDEPENDANT accredited and licenced
Geologist. I further stated that due to the rules and strict guidelines set out, by definition, a NI 43-101 is
an OVERLY CONSERVATIVE document, (for many GOOD reasons) that could be TOTALLY relied upon.
TRR's Management should be TOTALLY EXONERATED of all SUPPOSED wrong doing!!!!
I also stated that this is RATHER COMMON KNOWLEDGE within the industry, and hence, in FACT, there
were no doubt MORE OUNCES there---NOT LESS!!! I pointed out that since the NI 43-101 was released
LAST YEAR, TRR had done considerable more drilling with significantly good results, so that NOW TRR
had actually even MORE Ounces----which would have to wait untill the NEXT NI 43-101 was done, to be
formally added to the 4.22 Million ounces.
I don't think most posters realize how TOUGH a document the NI 43-101 really is, and thus don't fully understand
it. Being more familiar with GCU, I used GCU as an EXAMPLE.
You tell me-----how many ounces have the various instutions (ie. Fraser Mac, GMP and the like) come up with
for GCU in their various detailed predictions to use when trying to evaluate a target price?
Depending on whom you listen to----I think the figure is 5 to 5.5 Million ounces, is it NOT?
I said that this being the case, if a NI 43-101 were done at this level, being a very conservative document,
the resultant numer of ounces stated in the NI 43-101 would be, IMHO, 3.5 to 3.75 Million Ounces.
You disagree with the figure of 5 to 5.5 million ounces that I took the liberity of using?
FINE----OK!!!
Let me use a figure of 8 Million Ounces-----happy NOW YESWECAN?
I say/postulate that the figure resultant in the NI 43-101 would "ONLY" be approx. 5 Million Ounces---at best---
and that hopefully, with GCU's attention to detail, regarding the goal of indepth INFILL GRID WORK drilling,
more of said resultant NI 43-101 OUNCES would get to be included in the MUCH HIGHER VALUATEDED
INDICATED CATEGORY!!!
I believe that, unlike TRR, GCU with QUINTON, has learned many valuable lessions regarding whats required
to be done to be included in a NI 43-101, and that GCU won't be "rushed" and "pressured" , so to speak,
to complete it's NI 43-101. That's why, I believe it is GREAT news that GCU has delayed and put back the
finalization and completion date of their forthco0ming NI 43-101----UNTIL the late FALL.
This allows GCU the time, not only to do more stepout drilling, but affords GCU more time to complete the
REQUIRED INFILL drilling, so that these ounces can be actually included in their NI 43-101.
I think this a VERY SMART decision and move by GCU. It's NOT like you do an updatrd NI 43-101 every 6 months!!
AFTER ALL----IF you and going to spend all of that time, effort, and expense to do a NI 43-101-------
You may as well DO IT RIGHT, for the maximum impact and benefit. I say, CONGRATULATIONS on the
WISDOM of this MAJOR DECISION, your attention to detail, and PATIENCE!!!
Yes, whatever figure you use, or want to use regarding the number of Ounces the company or analysists
THINK they have------MY ARGUMENT---I HONESTLY BELIEVE, still STANDS and "holds water"!
When the actual figure, whatever it is, comes out as in GCU's NI 43-101 IT will, I think, DISAPPOINT MOST
of the readers here, because they don't fully comprehend the CONSERVATIVE nature, by definition,
of a NI 43-101. The figure may in fact be fantastic, to GEOLOGISTS and Institutions, but many reading here will
be, DISAPPOINTED, and mistakingly cry, "IT's AWAYTOO LOW----WE'VE BEEN ROBBED"!!!!
For WHATEVER LITTLE the above "explanation" is worth, I rest MY case, and place myself in the more than
capable hands of THE JURY.
Sincerely,
BARN BREATH
P.S. I sure hope the bullboarders here aren't a vigilantee committee!
I really hate LINCHINGS----BUT---if so, I suggest U all wear masks----and----
get a really strong and thick rope!! I'm extremely overweight and, as you ALL know,
I wouldn't want to break down ANY poor defenseless, and unsuspecting TREE!!!!!!