Ed, no problem. I was getting a bit excited as well. However, I dug
into my old Northern Miners (I usually keep 3 years on file) and brought
up the info. I thought something about the numbers did not sound right.
However, I still expect the stock to move up in the short term, and
then collapse after drill results are released and they continue to show
thin intersections. Buy on mystery, sell on history.
Most people do not do the due diligence we are, so they just hear stuff like
.."good assays, more drilling, expanded budget, remember Diamond Fields.."
etc... and the emotions take over. No one mentions the 150m of overburden
and wafer thin intersections. Grades are good, but nobody would touch this
as it stands. If they do hit 50m intersections of 3% Nickel, there will
be plenty of time to ride it to $100.00
In the short term, I might play it, but no more than 3 weeks.
mc |
