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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (123447)7/15/2008 7:19:14 PM
From: Rocket Red  Read Replies (1) | Respond to of 313859
 
The Border Coal Play new/extended coverage
The Border (Goldsource; GXS-V) coal play in Saskatchewan is one of the few bright spots in a difficult
market. GXS is up roughly 800% from out initial SD coverage and 270% from initial Journal coverage in
May. This has become a bone fide Area Play, with all the potential (and risks) that entails. There are now
about thirty companies in the play a number sure to increase if GXS succeeds in hitting thick seams in the
follow up drilling that starts in mid-July. That follow up drilling is the reason for the timing of this piece. We
think the odds of one (or more) coal deposits of size in this area are good



To: hank2010 who wrote (123447)7/15/2008 8:46:16 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 313859
 
yeah well when you're drilling through 100 meters of Bit-C it goes slower as they have to keep the heat down in case they blow up most of East Saskatchewan. The govt of Manitoba phoned them and asked them to keep the heat down in this weather -g-


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