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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Proud Deplorable who wrote (25730)12/18/2003 5:21:56 PM
From: E. Charters  Read Replies (1) of 39344
 
There has been lots of tax loss selling and Seasonal selling at this time. There is absolutely no fundamental basis for this stock to fall out of bed in any disastrous way, other than it is in the far north and the exploration season is cut short until next spring. On the other hand there are lots of stocks "way up there" who have not flagged, like Knight and Committee Bay. MSA is not " going to zero". There is simply no basis for that. The resource is substantial, and it is not going away. There are quite a number of resources in that region that hung fire for decades and this appears to be changing. Go back and look at their exploration news and tell yourself how this orebody is going to get cut off. I have news for you. You don't the ten per cent of it yet. That in my opinion puts a much rosier picture on the eventual price of the stock than you have at present.

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