RE: Bottom's Up "This seems to be a legitimate bottom, so now we can start moving up to the $0.50 level"
The sell off was way overdone. Given the 2012 exploration results, the drill results should have been a bump in the road as opposed to a fall off a cliff. Hence, there was more at play than just the drill results. As well covered on this board, other factors involved speculators selling on the news, the end of the Yukon season, tax selling etc etc that all combined to form a perfect storm. Underneath the sell off and a brutal looking chart is a shake up in investor confidence as to the underlying story. Ironically, and if one discounts those shallow exploratory drills, the story got better in 2012. Whereas GSR can be expected to bounce back, my attention is on the geophysical survey that can usher in some renewed buying pressure and put the underlying story back on center stage.
To close, I too think we have bottomed. Some soil assays aside, we should be near some survey news as well.
"Precision Geosurveys Inc. has just completed a low level, high resolution helicopter geophysical survey along the entire Yellow Giant Trend on the Plateau South property. The survey was recommended based on the excellent exploration results confirmed to date. This survey was designed to assist in outlining the key structures and geometry of the extensive new Yellow Giant gold system. Compilation and interpretation of geochemical, geological, ground and airborne geophysics is ongoing in preparation for drilling in the VG, Goldbank and Goldstack zones, as well as the Goldrush zone on the Plateau North property. These results will be released as they become available."