RE:Over done I think the market was getting psyched up for $ 2,000 Gold and $ 30 + Silver and it didn't happen so now we're seeing the disappointment.
Look at SIL, it was almost $ 16.00 in January, $ 14.00 in February and it's down to $ 9.60 now.
So we aren't alone, it doesn't make me feel any better but still.
As far as junior plays go we have 7 rigs turning right now which is 6 or 7 rigs more than most.
When a junior has 2 rigs turning that would be considered pretty dam good so we can't complain about productivity here.
If there's economic amounts of Silver here these guys will find it and we have the money to do it.
Take a look page 18 of the presentation and the number of targets is amazing but what's most important is how they categorize targets. They figure Napoleon has the potential to host a resourse of between 5 - 30 million oz. so we are making progress. As they put more holes in the other targets and expand them then they'll move those over to the potential resourse side too. Think what we need is something to put a floor under the stock like maybe some indication of a preliminary resourse of say 10 Million Oz. but when we can actually say that I don't know, in time I guess. Or of course a screaming good hole always helps.
We should be getting more news soon.
GLTA
tarsands wrote: $1.29 is the same as it bottomed out on Dec. 14th when Silver was $24.04 , today right now after its big hit from Jerome Powell sticking it too the market and the market having a fit.
We hit $1.29.
Silver right this moment is going for $25.255 or still $1.21 higher per oz.
Must have trickered some stop losses?