GREY:KXLAF - Post by User
Comment by
gamblor77on Nov 03, 2011 12:36am
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Post# 19204493
RE: all that drillin fer only a quarter millon-(oz
RE: all that drillin fer only a quarter millon-(ozJerry, sorry to say but you missed the point entirely. You are the exact type of person who interprets this as a "bad" NR and then the stock goes straight up and you pound your fist and can't understand why, it's because you don't understand what the NR says, thats why! Yes they increased the indicated ounces by 250k oz (or whatever the exact amount was) but they also increased the inferred oz by over 1 million ounces AND increased the size and quality of the pit on all levels. Even a lot of the previous inferred oz now became mineable with the engineering study and being able to change the ramp angles for additional extraction. Not to mention improving on all the historical drilling and proving they have an even better pit than anyone realized. They're now sitting at roughly 3.9 million ounces (Indicated and Inferred) and have blue sky potential, for .64c are you joking? TRR has 4.3m INFERRED ONLY and they're sitting at a $500m market cap. If we were even 2/3 we'd be pushing $2 and thats still being undervalued.This is a game changer, don't kid yourself man.Either way I hope things work out for ya, I'd be leaning more toward the bullish side and less on the bullsh1t side if I were you. GLTA.Gamblor.