Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Geospoton Feb 27, 2012 9:33pm
504 Views
Post# 19595046

RE: RE: RE: FrazerMackenzie-Strong Buy

RE: RE: RE: FrazerMackenzie-Strong Buy

Watch tomorrow. In addition to Fraser Mac, Dahlman Rose has also affirmed their $6.64 price target. What I think you will hear on the conference call tomorrow is what the flippers and short timers didn't see in the release. They will tell you that although this is very conservative estimate, it is still a very good number. But look what's not in the number. This resource came from 30 something thousand meters of drilling over several years since the last resource. But in addition, you have all these other recent holes with great intersects that are too widely spaced to have been included. It won't take much infill drilling to bring them into compliance to rapidly and continually add ounces. All the while they are working to expand the strike at depth and to the southeast. Step out. Infill. Depth. Ounces. Fast. That's what I think they will say--in other words, this is not a sit around for a couple years and watch paint dry ("over time") kind of thing. They have an aggressive 50K meter drill program with drills turning at this moment--more drilling than in one year than in the several previous years combined. Don't quote me on any of this as my brain is addled. Do your own due diligence.

<< Previous
Bullboard Posts
Next >>