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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (26966)	12/4/2006 10:55:00 PM
From: que seria	Read Replies (1) of 78416

Eric: How realistic do you think it is that the mineralization Noront drilled into has continuity at anything approaching this grade for more than a few feet? I lucked in early thanks to Condor's post, and am tempted to sell half on the double if it stays up tomorrow morning. That is only because I'm guessing they drilled into the intersection of two ore shoots, or down a vein, and it is far from repeatable. The upcoming PP won't be at this price either. Then again, $40MM isn't much of a market cap if they get another intersection or two even a tenth this rich in one of their assays-pending, apparently widely spaced remaining 8 holes. Seems from the tenor of their PR that they think they'll have something more to show us. Question is: What part of the float is actually expecting more holes like this one, and will sell if results are very good but much less---say, "only" 2-4 ounces/ton? Even if that is the first reaction, I think buyers with Aurelian-regret will interpolate the grade and continuity for the space between this hole and further good intercepts.

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