<guess MFL on your contest>
As well you should have. I have to tell you, I am really warming up (after my little show the whites of their eyes rant here two weeks ago) to these stocks because of the progress they've made and in quick succession. And POG just doesn't want to stay below 320 either (and why should it with the massive, careless, reflation and paper printing going on). The SWG speculative juice is great to see, and not just because I got to sell into it. It's positive for a market coming alive. The risk/rewards on the advanced staged companies are excellent right now, people are sleeping on this. I think we have a series that feels like FGX did at five bucks (two and a half to three baggers) now: GBU, NGT/AAS, ARQ, CBD, MOY, GBG, MFL, WTC, YMC.u. And keep a close eye on names like SUL, SLR, RDU, MAN, YQR, BGI and yes Randy Riefel, the sequel: CKG. Positive (real news, not fluff) could hit that will give the alert free looks, as the market is inefficient: no one is watching or acting (I was able to buy all the GBU I wanted at 4.00-4.05 today).
On MFL: I had two fairly lengthy conversations with Mark Bailey and Trench Page (exploration VP) early this year (Page at the Vancouver show in June). They both laid out the goals of the exploration program that has now transpired: 1. extend the main pit deposit at depth and hopefully stumble across high grade material. 2. widen the main pit deposit. 3. Do some step out and scout holes in outlying targets. IMO #1 has been accomplished, and perhaps with a vengeance. Take heed of the new depth. #2 (widening) has had acceptable positive results. #3 so far has missed the bulls eye, but so what. I think we get a substantially bigger and lower cost deposit from this. |
