RE:Taras latest videordy
You know as well as I do these things will dilute if a financing becomes available whether they need to or not. Nature of the beast always have enough cash coming in to secure managements future lol.
I am not impressed by their presentation slide 18 that is suppose to make them look great using comparables that are not really comparables. You will note on the slide they are the only one with an 100% inferred resource. Except of course snowline which needless to say is not even close to a comparable......
An interesting graph is the one that looks at the company's progression. Share price is rising as they come out with their initial resource. Again the price is rising when they came out with the 4 million ounces. However, price heading down after 6 million resource. Seems to me going from that 4-6 million ounce resourse there were some less than stellar holes. Similarly the last bunch of holes were not the greatest in fact I would argue almost ugly especially the last bunch released.
Can it go up from here? Yes in a rising gold environment as it is more leveredge to the POG than higher grade deposits. There are so many under-value gold and silver plays hard to say where to be adding. Personally, I have not been adding too much of anything rather I have been liquidating as I get nice pops. The story needs to be really compelling for me to be adding to any position. I do not see any real compelling stories right now. So I wait!