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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES

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To: CIMA who started this subject9/26/2000 6:52:01 PM
From: jamesandrews   of 1239
 
Excellent news. (From Raging Bull)

I think that these results are really good. They confirm once again that UTEM is a very reliable indicator of ore bodies on this property; they continue to be batting 100% on this.

As per a previous post, two holes in such a large area as the M zone don't speak strongly to grades and tonnages--except in making the massively important point that the M zone *is* an ore body.

PGMs on these two holes were very high; cobalt was high. Ni was fairly low, and Cu is, IMHO, irrelevant to this project.

So far, 'the market' is disappointed, and this does show that there are a fair number of short term speculators holding stock. If the results were, say, double what they actually were, I suppose the stock price would have soared--but would have done so on the same kind of as yet unreliable information about grades that seems to be lowering the price right now.
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