Has the market gone completely insane? How is this trading under 40 cents still this morning? I thought the open would be around 42 cents and might hit 50 today.
Was able to sell a couple other stocks to pick up 15,000 more shares at .265 before the market digests this.
How exactly is this not great news?! Did the market forget that the same type of news release based on visuals of just 3 holes last year, preceded the run up from 20 to 50 cents after the drill results were received?
https://stockhouse.com/news/press-releases/2022/09/27/pacific-ridge-completes-2022-drill-program-at-the-kliyul-copper-gold-project
"Our technical team has done an outstanding job identifying and unlocking Kliyul's promise," said Blaine Monaghan, President & CEO of Pacific Ridge. "This year's results could demonstrate Kliyul's potential to host a significant copper-gold porphyry deposit."
All 12 drill holes encountered porphyry copper-gold style mineralization consisting of sulphide minerals pyrite, chalcopyrite and lesser bornite;
Successfully expanded the known Kliyul porphyry copper-gold footprint and related hydrothermal system to approximately 1,400 m east-west by 400 m north-south;
Geophysics suggest that a large, underexplored porphyry system underlies the Valley Fault Trend.
The magnetic, chargeability and resistivity anomalies are open at depth below 360 m. Combined, the geophysics suggest that a large, underexplored porphyry system underlies the Valley Fault Trend.