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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: TrueScouse who wrote (21574)10/2/2003 1:08:46 PM
From: loantech  Read Replies (1) | Respond to of 39344
 
Howard sorry but I don't follow this one.
good luck though!



To: TrueScouse who wrote (21574)10/2/2003 1:58:52 PM
From: Little Joe  Read Replies (1) | Respond to of 39344
 
Howard:

I own a , but some around 36 cents Canadian. When I last spoke to the company they told me additional drilling had been completed on a number of holes along strike but results had not been obtained/released (not sure which) There was an advisor, I think David Morgan, who upped the entry price on this and a few days ago the officers were on a promotional tour.

When I reviewed their last results, they did not appear to be spectacular, but as I understand it the main drill target is quite distant from where they drilled and some of the holes were to define the outer limit of the resource and they were not productive. As I understand it they need to build a road to get to the prime drilling target, so they are building the road and drilling and then extending the road and drilling again, each time getting closer to where they think the silver/gold is.

My point is that the recent results were very good considering that they were not near the primary target area and if they are right about the primary target area, the resource will be huge.

Lastly, as always there are the technicals and today's action on high volume will qualify as a definite breakout if it doesn't sell off. Lastly, I will say that there is not a lot of volume in the stock and it has often not followed through from a technical standpoint. Nonetheless today's action, especially in light of the recent weakness in the metals stocks, is heartening.

Little joe