Update on resource Spoke with Ron at GCU to find out when the resouce estimate will be out. He said he expects the delay to be a on the order of weeks NOT months. He said they dont want the Commission scrutinizing their 43-101 due to rushed/sloppy mistakes and risk the concequences that may result. This tells me they got a glimpse of the results and it blew their mind and they want to make sure it is rock solid and cannot be undermined by some critical thinkers. There will also be some drill results out in the coming weeks. Rigs are raming up to 4 and then 6 in the near future.
I want to leave this one and jump on a few other for a short ride but dont want to get burned and chase. I am waiting this out. Everytime I look at results from other companies and compare them with GCU I am always astounded by the long and high grade results of GCU. I cant miss the run this is going to take. As we see with the selling in the last couple days others are playing the game we are al tempted to play while waiting. It will be fun to watch the scrambling masses trying to get in when word leaks on the resouce.