Just reviewed the last presentationEveryone here should go back and read that presentation again. I know that the last month has been terrible as far as stock price, but the fudamentals are there. This has just been a shift in investments and people selling in desperate times. Other sectors have flurished and money is being moved around from sector to sector.
As for Freegold, the next drill results are very exciting. There are four holes from each system coming out. There were two rigs drilling and each has four holes to report back. They went and drilled a couple key holes around the 2001 hole, which is what started this frenzy in the first place, and those results are set to be great in my opinion.
All holes reported showed huge intersects of 1 g/t over many meters!. There are also at least three holes out of 8 with high grade intertects.
This year they will be drilling 40,000 meters which is goin to be 70 ish holes. Much more than the piddly 18 last year!! Four rigs!! Roughly 17 holes per rig.
This will vastly prove the resource and then there will be way more difinition to the system.
Not only this but there are four mines that have operated in the history of this land they own. FOUR. This drill is only at one are. Wait until they want to prove out some of the other areas!!
Long term this could be $3 $5 easily!.
But time will tell. Buy on the dips!! The dip is here!
Cheerts