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Strategies & Market Trends : Ride the Tiger with CD

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To: Veteran98 who wrote (202313)	8/9/2011 12:48:04 PM
From: ogi	of 312930

Excellent Thanks Vet. Spoke with Dr. Q. yesterday. A: reoriented deep hole @ Springpole is seeing good alteration making them think they are getting the dip right. My back of napkin initial resource number of a minimum 3 mil ozs was not disabused and I see from the canaccord note you post their consultation with GCU is more optimistic. Nor did he contest my feeling that although the first deep hole missed the dip it did reveal gold at an approx true depth of 700M, and IMO that was very positive rather than a reason to sell as some did upon its release. He was encouraged by that first deep hole. He suspects 2 funds that were in at about .40 last year may the selling pressure on GCU in the past 3 weeks or so. Redemptions? Change in Allocation etc , Who knows. Personally I look forward to pressure off and more results in near future. Some top investors and analysts will be doing planned property trip Aug 30-31.Hoping they may see more coverage from the big bank analysts this year. B: PPG program, he just got back from Nunavut. What he is seeing he characterizes as having similarities to IOCG deposits although no copper present. Sodic alteration noted, sodium feldspar/sodium hornsfel abundant iron oxides. He is very upbeat about! Assays approx two weeks. Only limited number of weeks they can still drill up there. May be a long winter for PPG shares and provide opportunity to us. Meantime it could run hard if the assays match expectations. I am only on board for a small position as yet, see if I can add if this initial furor dies down ahead of assays. While by winter we can take stock of the facts and adjust positions accordingly in anticipation of summer 2012 drilling. Too bad it took so long to get permits this year, no mention of further red tape. Cheers

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