Holes 15 and 29 will be great holes Still lots of great holes to be released so we can wait it out. Scott Berdahl said last year that it was February before they got all the assay results back from the lab. And I agree with the poster below that within a year we could be looking at getting bought out up near $15 a share. I can certainly wait for that kind of return on my money.
Patience is key to building wealth sometimes. Difficult to do because you see other stocks making a move upwards on a day with gold up like yesterday and SGD was flat. Best not to look at the daily fluctuations. We own shares in the best gold discovery in North America in a very long time. Even better than Great Bear's Dixie discovery. What Snowline has with this Valley discovery is the best I have witnessed since Arequipa. To have so much early exploration success with economical gold grades over hundreds of meters in about 10 holes and counting in absolutely Incredible. SGD's share price will be going a lot higher, I have very little doubt in my mind.
Also the price of gold is poised to breakout to the upside in a big way in 2023. I fully expect gold to set new all time highs sometime within the next year. The Fed will soon stop raising rates and that will be the trigger for gold to blastoff. Perfect timing for SGD and this monster gold discovery in the Yukon. Great mining jurisdiction and other mines are being developed in the region nearby with the Lundin Family recently making a large investment in Fireweed FWZ not far from Snowline's discovery so there will be lots of future development in the area. Big things are happening in the Yukon because it is the land of big mineral deposits. SGD shareholders should sit back and enjoy the ride to $10 and beyond in 2023 as Snowline finds the outer limits of this monster gold discovery.
@Dreadnought @AUPop, we all wanted fantastic results this week and a $5 number going into next year but another week or two won't matter much in the long term. Once we receive assays on Holes 7, 10, 14, 15 and 29 we will have outlined a high grade starter pit that will pay back capex rapidly and generate huge cash flow and profit for maybe a decade and the remaining ground as yet untested will add 20 plus years to that. Think the 5 holes above which should be unveiled in the next 30 to 60 days will be all we'll need to justify a much higher share price and attention from the majors. Nothing has changed my view that ultimately we'll be taken out at $15 at some point next year.