RE: goldLando, I agree this stock hasn't run yet. If we continue to get excellent drill results over this summer and fall, we could see a much higher share price, so long as the gold price hangs in there. If the bullion price does push $400 as you suggest, I suspect we will be well rewarded. To me a $3-4 dollar share price seems more realistic by end of October, given that Raymond James has a 6-12 month target of 1.75/share. Raymond James tends to be conservative with their targets to cover their butts.
With regard to bringing on a major, I doubt that will happen until late 2004. NDM want to push the gold and copper resource at Pebble much higher by drilling the higher grade targets this year and next. They would then complete a mine feasibility study and the bidding would then begin. Snowden Mining Industry Consultants Inc, have labelled Pebble and the surrounding exploration lands as the largest mineralization in the world. It will take a lot more drilling to truly reflect the potential of this massive system. Considering the gold price may be much higher by late 2004 as well, the Hunter Dickenson team would then welcome the majors to a bidding war.
goldwill