RE:First IOCG discovery in CanadaI like the odds of discovery at Cross Hills and bought more stock last week. Many look at last years drop and let it haunt them. Now and then are two differnt times.Last year Pacific Int. did a lot of the financing and just blew out their stock, not investment partners one wants. They are gone now.
Jest in the Yukon is a discovery, long intersects of 20 meters of 0.69 and 0.72 g/t while Victoria next door is putting 0.67 g/t into production.
Many shareholders know CEO Christopher is a very clever PhD and fiaxated on no shareholder dilution. Most years he takes very little or no salary at all, money goes into the ground.
He could have done a dilutive fiancing in a weak market to drill Jest in the Yukon to expand the discovery. It is expensive to drill there, so wisely he is waiting for better times while Victoria improves the value of Jest by building a mine next door..
Instead he takes advantage of a weak market to make a favorable deal on a project he has had his eye on for a long time. Cross Hills in NFLD. He works it all year to bring to the drill stage. Again he does it for little money as he does the work himself, does not have to hire a Geo, and has the property vendor work on favorable terms for stock as well.
This guy works like a dog for shareholders and is why he has so many loyal holders. The last 2 companies he worked for made significant discoveries, ZON will be better with 2 or more discoveries.The stock is strongly held and that is why it can move on 100,000 shares of trading.
If you want to make trades, look for the pump and dumps. If you want to participate longer term in the vlaue of discovery, it is right in front of you here.
I am an biased shareholder and will add more to my position everytme I get extra cash.