A 43-101 Ned not be a resource estimateIt can also be an in depth technical report done on a property by an independant professional. For instance, in order to obatin a qualifying transaction for a shell, thier new project must have a 43-101 written by an arms length expert and the report has to seccomend that the project is viable and has to reccoemnd a follow-up work program. Futhermore, the company must have the funds in place to carry out the reccoemded work program. I should note that in many instances, the work progarm need not be a drill program - often its a soil sampling and/or a trenching program.
Re Galaway, I believe that the recent accumulators have been so fortunate that there are so many frightened investors out there... This stock has reached a triple top and it has been so flushed out I cant believe it. Even this week alone GWY traded about 4.5 million shares. I counted and since the big volume day on July 21st, this stock has traded north of 70 million shares - and you can bet that the insiders and the people in the know have held tight - myself included. I also think that the MM's want to keep this deal below breakout levels as long as they can - they are just happy to back it off a bit every morning, wait for the asks to stack up and then rip em out later in the day. This has gone on day in and day out. The declining volume is very bullish as we are forming a new base and running out of sellers. The MM's and accumulators are fully aware that once she breaks out, all the program traders, vector vest players, Johny come lateliesand technical traders will all jump on board, which is why they are careful not to trigger a break-out.
But once she does pop - she will quickly move up 30% since this deal has been so well flushed out. So hand in there fellow longs - I am sure that by Christams this deal will be twice these current levels.
JMHO
Jandd