RE:RE:Just Out NEWS!!!!inviolablspirit wrote: Visible gold in a number of shallow core samples and some very high g/t Au in some deeper ones, but over a small distance. It looks like they would likely open pit some of the shallow areas for the first 200m - 300m or so and then target the veins for the higher grades and underground mine them. That is if they are not acquired at these low prices.
Many Gold stocks are on the rise today and gold prices look to be stabilizing, so today and tomorrow (i.e. after Fed announcement) may be a last ditch effort to grab more shares from retail investors and get them into the hands of the institutions. Retail investors hold just slightly over 50% of the shares. I wouldn't be surprised if after the decimation of the share price the majority of the shares will now be in the hands of the institutions, Sprott, Kirkland, etc...
I think Sprott would be a seller but since he has too many to sell so he will be a donater and Kirkland doesnt exist anymore.
I dont think you know what youre talking about.
Ville