RE:After an amazing 937m ( .845/g eq ) Agree with your statements in both posts sir.
In defense of drilling away from Goldstorm - someone clearly has seen something, maybe KK, that reflects much different thinking than we've seen in the past. As you put it, turned the process on its head. Because why would you change up the winning pattern of huge widths and good grades - just milk it as far as it will go, right?
When I look at the history of MT results and the drilling that occurred afterwards, what I see is consistent thinking - drill where the resistivity is low. They did at Orpiment - nothing. They did at station 224 - nothing. And a few others along the way (which might have delayed these discoveries by a long time). Now I see drilling in areas that have good results, but they are along the edges of the high conductivity zones. I see in PS2 they are drilling between the higher conductivity zones. If they think it's very much like Goldstorm, to their credit (we'll see) they are drilling it like Goldstorm.
We're two months into the drilling season. We don't have the edges of Goldstorm defined, we have two really really good infill holes and some interesting widths in the southeast from the standpoint of visible gold and copper values.
I think we are now up against the clock and the rest of the season needs to be all business. I believe when they do the next step out to the northeast it will be good and require much more work even further to the northeast. A few more step out holes in that direction will push the schedule to the limit but it would have to be pursued. That's where the money holes have been.
As to how we trade this, it's not one of those setups where you just ride a bull pattern. Need to be cognizant ot the Fibonacci levels and other technical indicators if you try to time buys and sells. Otherwise, grit your teeth and hang on. Press releases and Sprott weekly wrap-ups are a wild card, so don't get caught if you're trading. I am guessing that we see something between now and the next drill results - some kind of upbeat progress update.
Do your own DD. GLTA. Doug