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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 451.79

+1.8%

Jan 22 4:00 PM EST

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To: orkrious who wrote (931)	12/4/2003 10:18:09 PM
From: Andrew	Read Replies (1) of 29622

Although I have sold all my majors and Gold funds I am still holding AZS and some NSU. I think the market misinterpreted these results, from the release. <<It should be noted that the main target for most of these holes was the primary massive sulphide zones and not the gold bearing oxide zones at surface. The reason for initially targeting the primary zones is that these represent the geophysical targets for spotting drill holes, especially in areas of alluvial cover such as encountered in the southern area of the Bisha Main Zone. The Company uses successful drill intercepts in the massive sulphides to recognize the notional foot wall and hanging wall of the structure to then step up and subsequently be able to more accurately target any overlying supergene and gold bearing oxide zones. This is considered to be an efficient and cost effective strategy.>> So results should be coming from the high grade areas. I plan to call the company to get a timeframe on when. Also the news tells us that some of the results are from a new zone. On top of finishing their current drill program they are scheduling another 30,000 meters of drilling fror 2004. Technically the stock filled the gap at 6.20 left in October by a penny yesterday touching 6.19 intraday low. stockcharts.com[w,a]dacayyay[dc][pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G chart.bigcharts.com Perhaps its a buy here? I have enough so I'm not buying. I believe there is some risk in the gold stocks right now because IMO they may be correcting. Dont know how it would effect NSU considering it has gotten beat down a bit. I read the Canacrok has a $8.50 target. Why didn't they tell us to sell 2 weeks ago, LOL.

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