Post by
ThomasCromwell on Aug 03, 2017 5:28am
bargain at this level
I expect the next drill results within a short period of time, maybe next week. It looks like there is somebody trying to push down the ask site to accumulate cheap shares.
From my point of view, this explorer is a real bargain at under 0,3 CAD. Not only did the first drill holes show fantastic grades, but with $7.5 million in cash end of March, the drilling program is also fully financed. As far as I can remember, the program consists of about 30 drill holes and 13,000 m of drilling. Should be enough stuff to get a first glimpse of a potential resource. With Zijin circled by KEN, the Chinese will not wait too long to buyout if results show consistency and good grades...
Short time 50%+ potential from my POV at the current levels...