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

To: Rocket Red who wrote (170010)	7/14/2009 7:50:11 PM
From: sunny1	Read Replies (2) \| Respond to of 312967

From their update on July 7 - looks like at least 3-4 more holes were at the lab Hopefully they can pull some other long intercepts

To: Rocket Red who wrote (170010)	7/14/2009 8:59:05 PM
From: Claude Cormier	1 Recommendation Read Replies (4) \| Respond to of 312967

Yes. Excellent results. It is always hard to figure out how big a deposit will become, but this one has grown with those results. I have read the agoracom comments and I find their resource estimation to be a little overstated. With the little info we have and the map found on the company site, I got 1M ounces total with 500,000+ ounces in the high grade zone. But it could be more. Time will tell. Market cap of near $90M fully diluted. With the cash they have there is room for growth and higher stock price. A nice play at home. Good Luck. P.S. Average grade of the halo of the North Stock is lower than EPM had at Varvarinskoye. And EPM had some rich pocket of higher grade as well. There is more than grade to make a mine.