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Strategies & Market Trends : Ride the Tiger with CD

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To: Cogito Ergo Sum who wrote (84977)6/11/2007 9:30:21 PM
From: ogi  Read Replies (1) of 312651
 
Blackie!! Don't expect assays from TK as quickly as Silveer is hoping, doubt June will produce unless they turn the first couple of holes around rather than a bigger batch of results. 11? hole program announced in May but drill broke down and went back to Lima for repair, as of 10 days ago only 1 hole completed. Furthermore, given backlogs at the Labs I would not have expected assays before 10 weeks after commencement anyway. That is my personal guess but better to restrain one's hopes than to have them frustrated.

Good chance of them hitting disseminated silver based on the sampling. How good? Who knows? I actually like the addition of Oz property. Diversification of country risk, a proven gold field in management's backyard.

TK could weaken in the coming weeks and might be worth adding at that point. Downside .20 upside > 3-5x the current price. Holding for now.

Cheers,
Ogi
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