Hi Ron, I first become aware of GMO when Bishop mentioned (as I was told) this company, as you know, it had it run and since then I've been keeping an eye on it, here are the things that do not quite understand and are stopping me to jump on this one:
1. First, great trenching results
2. But followed by grab samples (in another area??), that they claim are better than the trenching, although they look very poor to me (most are less than 10 ppb!), am I missing something here????, why on earth don't they use the same units so you can compare apples to apples?...are they doing this on purpose to hyde something????
3. Their latest release talk about the drilling to start sometime in the future (weather permited) ...but looks fuzzy, no specific date when camp is movilized, also the technical gargon about the rock structure seem to cloud the issue, it seems to me that they don't know what they got yet.....then why venturing given alternatives ???....perhaps to a geologitst this means something, but I thought that these news were supposed to be targeted to the Joe Blow investor..
In summary, I like the trenching results, but looks like drilling will take a looooong time, I would expect a lot of price volatility before it starts picking up again, I see a lot of potential but.....someone getting in the 1.20's range will have to be patient and sit on this one....my two cents... |
