RE:RE:The Love Train MyCatsBiatch wrote: Bluesteele,
I understand where you're coming from but there are some unique things about this play that make your prudent approach more difficult.
- Every other potentially large discovery I've ever heard of about came about through the classic 'pick a spot, drill, assay, wash rinse repeat' and there will definitely be some of that but the Purdy's/Comet Wells 'freak show' is all about the millions of hold littering the area. QH was very specific that the Purdy's sample was only selected becase it was on a hilltop and more accessible. What are the odds that one location was cherry picked and is an anomoly in the area? Highly unlikely.
- QH is a respected geo and arguably among the top tier. He has invested a great deal of time (decades) to this precipitation theory in the years since its first publication in his doctor's thesis. Because of this I believe he knows intimately what distinguishes a Wits like deposit from the rest and what to look for in order to validate this is in fact what they have. As the trenching begins NVO has committed to putting our NRs with his observations and assuming what he sees is consistent with his theory the SP will continue to be way ahead of itself.
- JKs presentation from last week ended with a bang when his last slide featured a picture of nuggets that 'represent the smoking gun for the Wits 2.0 scenario'. These isn't his conclusion but that of QH.
There is more but based on these facts alone I believe waiting for assay results from the tenements outside of Purdy's/Comet Wells is simply not viable; the train will be well on its way and an investor would be looking at a MUCH smaller potential profit at that point.
I make the assumption that everyone here is savy enough to have only used risk capital at this point in time so there's no harm in indulging some excitement and emotion provided it doesn't shake you out of the trade way too early, a real possibility in this case.
Nevertheless your arguments are valid and I suspect many a fund manager is struggling with holding back pending 43-101 data while at the same time they know the premise of the theory well enough to perhaps scale in earlier as, lets call it circumstantial evidence, is released.
All of this is positive for the SP
unless of course
some of the evidence looks like bad news. If that happens the volatility will be off the charts but I believe there will be enough demand in the face of bad news from traders looking to get in to recover quickly but I could be wrong.
You get the idea.
Cheers,
MyCatsB*tch
Good points MyCatsB*tch
Logic says if there is evidence of 8km of detecting holes on surface and in conglomerate it really bodes well for confirmation of this if they happen to release visuals once they start trenching. If we get good visual evidence of gold in other trenches, IMO the market will go wild in a similar fashion to those first youtube videos. The share price will always be 2 steps in front of what is confirmed. On the other hand,if they hit a blank spot with their next trench it could slow things up. The most important thing is that the evidence continues to build supporting a large economic deposit and if that is the case the speculation will drive it much higher than we can imagine. Just my opinion GL