RE:RE:RE:Latest Press Release - Hello PIT #3 This was not an unexpected result as most of these veins outcrop to the surface towards the west and there were updiping veins towards the western extremity of pit #2 that would account for todays results.
The market hardly noticed these results.
One must wonder why.
Anyone looking at these narrow veins would wonder at the dilution factor used to estimate Gold Resources in the FS.
It was for this reason that I progressively sold my position here.
There are much better buys out there in the gold microcap producer niche.
I own two that are at or below cash and cash equivalents .
One is v.MMY at 10 cents, no debt and trading below its working capital with a target of $0.43 .
It is ramping up production as we speak to 40,000 ounces per year at peer cash costs with, in addition, a first class gold asset in Australia with 600,000 ounces, a gold mill and 20% of a JV with an Australian Junior whose drilling results have been exceptional , probably leading to resumption of Production.
Like most juniors, it is virtually unknown but it's production profile should change that.
My apologies for spamming , and GLTA.