RE:OMG People muffin17 wrote: Do your due diligence. The PR this morning was fantastic IMO. Filled with goodies for us investors.
Do people realize that the float is very small. Both Sprott capital and Altius own more than 10% each of the float. They are insiders of SIC.V. Sprotts shares and warrants are not even available to be sold as they are still within the 4 mth holding period. You can bet other institutions will be getting on board just because of these gents getting involved.
MH-18-08 intersecting two vein zones assaying 1.05 m @ 207.51 g/t Au from 8.50 m downhole, and 2.28 m @ 42.36 g/t Au from 33.07 m downhole.
These results are just unheard of these days. I believe an ounze of gold contains 30 grams.. So 207g is almost 7 ounzes of gold/ton across 1m. The other important point to notice is the depth of 8.5m where the gold occurred.
Anyway I have been adding shares this morning, which I did not expect to see these prices again.
Muff
The problem is, it's the MARKET that matters, not the results/amount of gold. We could have tons of gold, but if the market isn't going to favour the company then we still lose $$$.