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

To: ogi who wrote (169754)	7/14/2009 9:57:05 AM
From: Rocket Red	Read Replies (1) \| Respond to of 313057

have a good day

To: ogi who wrote (169754)	7/15/2009 9:08:45 AM
From: Veteran98	Read Replies (1) \| Respond to of 313057

UW - Pescod blurb yesterday Gold has a small move today, but lots of news out on several golds we follow. Underworld Resources announced additional drilling results such as 31 metres of 9 grams gold, which is excellent stuff. There was some obvious profit taking today, but we go to Bryan Slusarchuk, President of Tirex, who has suggested Underworld here at $0.50 and $0.60 and he writes: “As a big Underworld shareholder, I couldn’t be more pleased with today’s news and it absolutely exceeded expectations. Again, the market will do what the market does, but this is big news fundamentally in my mind. Key points, for me, in these assays, include the fact that we see the grade picking up again on holes 44 and 47. These are step out holes to the east and David, if you remember, it was hole 38 to the east that possibly caused the market a bit of concern due to grade, although I thought it was positive as it added to the continuity of mineralization. Now, we see these holes, further east of 38 with very significant grade and I think this is very important. It’s also interesting to see that the type of mineralization is changing within hole 47 and it appears, according to the UW geologists, that the mineralization there is more tapered and of higher grade. When you look at holes such as hole 44 which is almost 4 g/t over 56m and hole 47 that I discuss above which is 31m of 9.2 g/t ton, it is amazing to me that the stock hasn’t reacted a lot more to the upside, but I think that simply represents potential opportunity. I continue to get more encouraged with every Underworld news release and think that the continuity of mineralization and excellent grade won’t continue to get overlooked. The next holes apparently have been drilled down dip on Golden Saddle and they have also drilled a surface trace to the south, to test a potential stacked structure. Who knows what that theory will bring, with drilling, but I look at it as simply blue sky potential over and above the core of the story. Underworld is less than half way through Phase 2, so there will be a lot more news flow moving forward.”