Post by
BlueChipper2020 on Jan 04, 2021 11:55am
6 MONTH SUMMARY
Drilling resumed on June 15 after being stopped due to COVID. Hole 2001, the monster, had assays released in early May along with partial results for 2002.
Sept 11- Long wait and final results for hole 2002 which were good however not blockbuster like 2001. Expectations way to high. This hole was not a follow up to 2001 and was a spec hole in the middle of nowhere. Still a very good hole.
Early November- We get 3 holes released as part of the 10,000M program which is a follow up to hole 2001. All of these holes were good.
During this time, the stock price had to absorb about 65M shares issued in earlier private placements along with ongoing warrant excercises. The overall gold price and sector retreated from late summer highs.
So we have:
1. 13 major deep holes outstanding which have been drilled and assay results could be released any day.
2. A lot of time for consolidation the past several months. This stock is in much stronger hands.
3. The general concensus is that gold price is expected to increase in 2021. Many targets are about 2300USD. We will see.
4. I posted before that the stock price and market cap will increase significantly if the results from the outstanding holes are very good. Savy investors are what moves a stock price, not penny flippers. They are not going to give their money away to any of us.
Happy New Year
BC
Comment by
ggnewmex1 on Jan 04, 2021 12:51pm
Thanks BLue-chip Also SIC is doing well... We have two real positive stocks here
Comment by
BlueChipper2020 on Jan 04, 2021 1:15pm
Hi ggnewmex1 Completely agree. SIC is doing great. Awaiting further assays there also. Nice to have 2 real good plays going. GLTA
Comment by
One4theMoney on Jan 04, 2021 3:06pm
What happened to the final drill results of the year are they going to release them or what? This stock had crazy potential but whipped out to poor management of NR. Still long in the stock because I do believe the gold is there with the hope that management picks up their socks and puts the pieces back together...04TM
Comment by
lotto6492 on Jan 04, 2021 11:28pm
I've emailed them and No reply pretty sad of management. I know we're waiting on labs results and that's out of there hands . But they could release some drilling details.. did they get 18 holes done what's the drilling program for the this year I'm sure ES know the number and what's up for the new year maybe it time for Kristina to step down