Post by
noleafclover on Feb 05, 2012 6:12pm
The sound of my own voice
Since there are no other posts to read except my own, I may as well add something else. Seems like slow accumulation. Look at the chart, we're re-establishing month old trends back to .40 resistance. If we break .40, which I think we wil based on the last few weeks, next resistance is .45 then .50. I think this company will be revalued based on the new 43-101 coming out shortly. I think maybe the market is anticipating this already. It'll be a nice surprise if the Bau deposit adds 1 million+ more ounces. I'm leaning closer towards 2 - 3 million based on the drill results, and they've only just started. You know I feel this company is one of the best picks I've played in a while. I've been disappointed at heavy dilution to shareholders in some of my other picks (CPN, MMY), but Olympus seems self-sufficient in many ways. They fund their ops, drilling and testing through sales of gold. How many other explorers can boast this? Olympus is the perfect combination of producer and explorer with huge upside potential. Patience is the only asset required.
Comment by
noleafclover on Feb 08, 2012 11:51pm
I think this year could finally be a turning point for this company, shareprice-wise in particular. If you're correct and they prove up a sufficient resource to substantiate the claim 'Goldfield', we'll be happy investors. From their tone, it sounds like they are on track to producing by 2014. Plus they should be getting new resource #'s out of Vietnam...