| | | That is the point, Rak, it is not just air, Yes no assays yet but when a mtn has gold assays at its base over hundreds of meters and then the drill core shows everything you would want to see in a very uniform bulk tonnage system, it is no surprise that it has moved once again. Point is if Rak has good assays the nature of the deposit, drilling to date of 10 holes over hundreds of meters and the size of the known anomaly means one set of good assays and you have an instant multi million oz deposit. It is as big or bigger physically than Snowline's Valley deposit. No doubt Beaver Creek has had an effect, as it has also had on Mog I would say.
Mog.v Let's see, massive land position on trend with 9 billion mkt cap in discoveries on their property line, with the closest one a recent $ 3.4 billion take out.. 3 years and $20 million spent getting to drill ready status, same rocks same signatures, samples trenches etc all good, $26 million cash and you could have had it a few weeks back at about a net 35 million enterprise value. It was begging for attention. Well it broke out today to .33 after a previous rise above the .22 mark to .30 and then consolidation. Not a Hslatt like Rak but it is off to the races and should be drilling in 4-6 weeks.
The whole market tone has changed, dollars want to invest in metals. SGD recent PP had $50 million from a general fund , not a PM fund. I guess they want exposure and the quarter ends Sept 30. if you are not in PMs etc with $3600 POG your fund will look out of synch. |
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