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Bullboard - Stock Discussion Forum Gold Canyon Resources Inc V.GCU

TSXV:GCU - Post Discussion

View:
Post by booyaaca on Feb 27, 2012 9:35am

Not good!

TRR has almost 6 mill oz and they are dropping like a fly...GLTA
Comment by FANTOMAS on Feb 27, 2012 9:51am
No. Even worse. TRR has 6.8 million ounces !
Comment by Geospot on Feb 27, 2012 9:59am
Looks like more at play here than just ounces. Perhaps the grades disappointed. Their board says Desjardines downgraded this morning. Maybe someone here follows that issue closely.
Comment by moneysworth on Feb 27, 2012 10:09am
Remember close to 6 million was in the inferred category. Hard to compare or place a value on that. Lower grades didn't help either? 
Comment by Traffman2 on Feb 27, 2012 10:17am
Bang on, yes they added ounces but at a lower grade.  For us to really move up here today we need to see solid grades.  I'm expecting 2.4m M&I and 2.8 inferred 1.3 the grade.  Happy Trading