Larry: ZIDDI kiding aside, I would like to see a formal statement from the company, right now, it looks promising, but do we have any "news" we did not have, or at least were not strongly impled to have, before?
We were told by the company .25 Au, about .5 Pt and about .25 Pd, coming out to "about" .8 to 1 oz/ton. We were told of refiners, we were told of water availability.
Now the questions remaining are, Chain of custody, verified third party estimates of "goodies in the ground" and estimated extraction costs. I have a feeling we will need to wait another three weeks for anything really new. Another question is the cash position of the company and future cash needs (at least $20 MM for the next 12 months?)
I do not know, maybe the excitment of the Gorillas in Phoenix will pop the stock on Monday, but I have a feeling we will get a reaction of "the morning after", "selling on the news" and another buying opportunity with fever building up over the next three weeks.
Zeev |
