RE:Elmer gold deposit: more to come!!! Very good. I think it will easily get to $5-$6 this year.
But I will be bit cautious about potential dilution, that too probably huge one. People like ES enter only at lower price than we expect in the near term... So, I will not be surprised if it is pulled down to $1.5 in coming weeks. I am saying this even though I am very positive about this company.
One thing I will be very sceptical is about the integration technology they claim as one major tool to predict targets! I don't believe in such a tool. In late 90's and by 2005, there were some query based GIS tools introduced to narrow down kimberlite targets. There is nothing magic, but you feed all kind of data and retrieve new target information based on the known data... kind of data integration and then lookup...
So, I will be more inclined to the assays from the core that will speak directly.
Remember, all prospectors/CEOs will say they are sitting on the world class assets.... It is our due diligence to read out of their lines!
By the way, watch Pretium next couple of days!