RE:RE:I'm still a little confused about this years drilling. I'm talking about pulling a piece of core that was noticably differant than anything pulled in the last 20 years, at least that's my interpretation of something that looks to be " game changing "
So when you do that with copper or any metal do you say, " Let's ignore what I'm seeing coming out of the ground and instead let's go over yonder and test some theory I dreamed up before I saw this fantastic stuff coming out of the ground "
Of course I'm probably over simplifying this situation and although the core may have looked fantastic until it was actually assayed you don't know what you've actually got. But it's still remarkable to me how many great holes Co.'s like this pull at the very end of the season leaving just enough time to finance but not enough time to go back until next season.
Get everyone jacked up in June, get the stock going again and repeat the process over and over.
It's these seasonal drill plays that kill me, I haven't lost any money in one for years as I exit pretty quickly but so many people get slaughtered in these things it amazes me that anyone plays anymore. GTT, CXO, GGI, ABN, MTS, SIR, and I'm just scraping the surface, the list goes on.
The Golden Triangle is like the Bermuda Triangle but with the BT planes go in and never come out but with the GT, money goes in and never comes out ! ( I know this isn't the GT but ...)
Anyway, I do love hole 421 and will bottom fish this in February and see if I can get some cheap stock and with any luck they'll announce an early drill program and get right back in there and start making swiss cheese of the 421 area, find a massive high grade copper/gold ore body and the stock will go to $ 10 and I really think that's possible...just venting a bit.
MarlboroDog wrote: You don't typical just start chasing leads on a whim when you're drilling and constrained by time/weather/dollars. These guys are data driven. Although curiousity about a potential significant find is important, the current drill program was intended to methodically fill in missing pieces of a puzzle, complementing historical drilling data. Much better to spend a few months studying the modelling then make calculated exploration than to poke a few holes in the ground due to a gut feeling, crossing your fingers that you're in the right spot.