RE: RE: Maybe we are next.. Scout. I totally agree. .I listened to the conference call again (on the homepage of www.goldcanyon.ca if anyone hasn't heard it) and that was my takeaway. You only left out the exploration of totally new zones that Quinton mentioned in the conference call. I wouldn't be surprised now if they don't throw a couple of real Hail Mary drill holes. When you hear the way he talks about the ability to quickly add ounces from shallow drilling, the supplies brought in over the ice road, their ability to do productive drill from barges right away with no learning curve, and the enthusiam for step-outs as well as deep drilling with the new hydraulic drills just brought in (plus the money to do it)... well, they just don't sound like a company that will be satisfied to take a fire-sale price. The "low-hanging" fruit is too tempting.
Based on all you say, plus the recent news...and the evidence from TRR that contrary to popular opinion the juniors are not stuck in a perma-funk...I think we will retrace very quickly. This current SP still makes no sense at all based on the resource and the potential by Sept. (I have no crystal ball, only experience, numbers, and the charts, so look elsewhere for investment advice) and I see this range here around at 1.69 as the historical bottom of any panic V, and expect we should quickly regain the February high of $2.84 CDN, with brief resistance at pshycological points on the way up, like $2 and $2.5.