I remain aggressive here. My position is being increased in size at these levels.
we are trading at a discount to our financing.
Three drills turning. At least seven holes at the lab, maybe ten to thirteen depending if and when drill three started spinning. The last update was 25 days ago after all.
I anticipate this PP closing this week. Being approved by TSX following week. Perhaps we get a small "participants spike".
Would be sweet if we could get a hole out soon that drawfs 421. The gold spikes in the up dipping section are interesting given that they are drilling back towards the 02-09 strike. Which took place in the lowermost north central section of the main body. But at approximately 300m deep. There is 300m of untested ground between those holes that could be loaded with high grade gold. These deposits can have high grade gold or high grade copper deposits that cluster close together. With the insane grades in 436 and 421. It doesnt take a very large area to evolve a large volume of metals.
furthermore the more updip and south the discovery becomes. The closer and less steep the decline entrance becomes. This improves economics.
ill be honest. I sold a few at the top and parked it in another stock. But I've re upper and then some for that small sell. Abandoning the other stock in favour of this incredible buying opportunity here.
This horizon was never drilled throughout the deposit. It is quite possible that the Mantos zone could be sourced by this pathway at depth. Meaning we could be drilling this sucker south for over a thousand more meters. That is why I'm loaded up here. Now that they have found a good direction to follow the high grade. I think some big holes will come soon enough.
With a little uptick in copper. This will awaken big time. Especially if it keeps pushing out results like 421 (100m of 5.05% Cu eq), 436 (45.5m of 2.44%cu plus 25.85m of 7.12%) and, 441 (41.55m of 4.47% Cu eq.)
The market is confused on the stock. Follow the volume. Big buyers at this level. Being fed by confused sellers. Those drills are marching on just fine. This is a gift that most will relish next spring. IMO.