RE:RE:Skepticism on GGIInfidel, as far as patience goes, I've been in this play since 2008. I think I have demonstrated my patience. I find it hard to believe that you are genuine in acting like $6 would be a stratospheric price after another year of successful drilling, given that that would only be about fifteen percent above last year's high. Obviously, if this proves to be anything like Voisey's Bay, it will be going a LOT higher. But, granted, this will take time.
GGI barely had time to scratch the surface last year. But now they will be in the driver's seat armed with the new V-TEM and borehole data.
I guess it's "overvalued" now if you only consider what they have found so far. Do you know how exploration pricing works? We are discounting probable future outcomes. Right now is a GREAT time to buy (in my opinion) as we have been bottoming heading into the new drill season. Soon much more speculation i.e. hot money will likely drive the price much higher. And yes, I do expect the price to go quickly back to last year's high. Early success will make this a fantastic year. But, as we all know, some early misses would mean at least a temporary setback. This is to be expected in this space. There will be lots of fits and starts on the way up. Study the history of Diamond Fields.