RE:RE:RE:My only real concern...Yep. They wouldn't spend $ 80 M USD for the purpose of "guessing" HG "might" have gold. Based on prior drilling from their time at Great Basin, they obviously have a very sound assessment of what is in the ground at HG.
Furthermore, regarding commodities in general, there is always a lull before the equities catch up to the spot price of the underlying commodity.
Gold has picked up heavily since July 5th at $ 1205/oz, but the equities are nowhere near close to capturing the underlying increase in price of gold. Now we are at $ 1346 which means amazing profit margins for most midtiers. Same like when oil dropped earlier in summer (mid June), then oil equities followed slumping big time.
Looking4Doubles wrote: Captain, While I agree that Hatter Graben is important, these guys worked there before, so they should have a pretty good read on the geology. I also think an $80,000 buy by Schultz a week ago is a positive sign. Everyone was selling earlier in the year -This was the first big buy this summer and they have better insights on Hatter Graben than we do. I can't believe a director places an $80K bet on a whim.