To All: I am just a lurker, but where are the tough questions? There is plenty of blue sky predictions, but hey, you have to ask the questions and get the answers that will lead to that blue sky.
Who is handling chain of custody? Are they reputable?
Why did the company release such huge projections on total gold BEFORE any assay results?
Who is doing the certification on the assay work?
Is the certification reliable?
When will they have recovery costs?
Why have most if not all officers who have filed for trading filed for sales and not additional purchases?
Yes I have picked up some in at .31 and, hey, this just may be the real Bre-X, but without these questions answered by ANY legitimate operation, it is really just projection, which is why we saw such a quick run to .55 and back to the .30 range again. Lots of trading going on, not building of positions in a sure thing.
Plus, there is NO big institution that will give ANY property the time of day let alone huge checks without all of the above questions answered to their satisfaction plus, plus, plus, so please lets stop hearing about "big buyers coming in today!".
Keep your eyes open. It may be real, but....
(I am not staying on this thread, just wanted to add some hard, cold reality to this one.)
Good luck to you all.
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