RE:RE:RE:RE:A challenge to the EAG doomsayers!!!
Thanks for the post Observer. I agree that the indicated figure will not change much in the short term (unless some of the 106 holes were infill). I know that very little of the current drilling program is in-fill, following this leg of drilling I am wondering if they will start to drill at depth, which again is likely just to end up with an inferred resource.
I have been keeping an eye on GDX. Some commentators suggest that miners have reached a bottom, if this appears to be true, then it is something I will have a nibble at.
I'm really not sure how the effect of non-tapering QE will affect the market in the long-run. seems like the bubble will get bigger, but will surely burst at some point.
As you say, the market is in the dumps, which IMHO is a good time to buy and then sit back and wait for the cycle to go in to the next upturn phase.