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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Comment by cosford74on Jan 18, 2012 10:35am
306 Views
Post# 19416561

RE: RE: RE: Awfully Quiet

RE: RE: RE: Awfully Quiet

The difference between now and then is that GWY is due to release a resource estimate for both California and Vetas.  We have seen good drill results and to some extent the market may be expecting good results given our proximity to VEN.  The question of valuation then lies with the ounces in the ground.  Given the drill results to date, it is likely that GWY will deliver a positive estimate.  Once the resource estimate is out then the value of the company can be reasonably determined and potential suitors will step in.

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