The writing isn't on the wallIt is inscribed in four very expensive shafts and two hoists at Hugo North. Will all the money spent on that development be abandoned? Would the concentrator and conveyor, the water pipeline, an airport, all the other infrastructure and effort ever have been expended for a low grade pit at OT? Nope.
Unbelievable upside valuations ... not tragically diluted ... mysterious exploration ground to the East, West and North of OT and Hugo North Extension. Ann Mason a bit of a Greggy puzzle but somebody thought it was worth $70 million or so at a time money was not easy.
Living the life in the Trailer Park dreaming of the day we see a fair valuation, including drill results deliniating Hugo North Extension at depth and along strike. And the resolution of the early X-grid results. And what is going on out on our own ground to the West ....?
In the meantime, looks like our friends at TRQ have had to trade in the Range Rovers and Porsches for some good old Toyotas. And their rib eyes and lobster have been replaced by chicken and tuna casserole.
What a dead explorer's market. Time to patiently consolidate quality positions?
Mummy Yellen in the Fed is going to continue to tuck us into billions of accomodative easing. The resulting pressure on gold and the hard commodities required by the expanding high population low wage economies should help all of us sleep at night with dreams of a little more than weinies and beans dancing in our heads.
Tea party tea schmarty.
cg