6 MONTH SUMMARY Drilling resumed on June 15 after being stopped due to COVID. Hole 2001, the monster, had assays released in early May along with partial results for 2002.
Sept 11- Long wait and final results for hole 2002 which were good however not blockbuster like 2001. Expectations way to high. This hole was not a follow up to 2001 and was a spec hole in the middle of nowhere. Still a very good hole.
Early November- We get 3 holes released as part of the 10,000M program which is a follow up to hole 2001. All of these holes were good.
During this time, the stock price had to absorb about 65M shares issued in earlier private placements along with ongoing warrant excercises. The overall gold price and sector retreated from late summer highs.
So we have:
1. 13 major deep holes outstanding which have been drilled and assay results could be released any day.
2. A lot of time for consolidation the past several months. This stock is in much stronger hands.
3. The general concensus is that gold price is expected to increase in 2021. Many targets are about 2300USD. We will see.
4. I posted before that the stock price and market cap will increase significantly if the results from the outstanding holes are very good. Savy investors are what moves a stock price, not penny flippers. They are not going to give their money away to any of us.
Happy New Year
BC