Results are expected Monday or Tuesday... Here is the problem for me, we obviously know what will happen if the assays are good, but if they don't meet market expectations, we could have a fast dip to close the gap at 1.20. The decision I need to make is, whether I should add to my already overweight position at that point. GV certainly has all the signs of a major find, I'm thinking 20-25 more holes this year and gold possibly over 2000 next year... the perfect storm. I'm reminding myself of Gordon Gekko's Greed is Good Speech :)
Here is what Analyst Brent Cook had to say about GV, Brent is a tad more reliable than others because he does not accept payment from companies and visits each project himself for evaluation:
"BC: We're going back to high-margin deposits, or at least high-margin potential. Gold Standard's property is on the Carlin Trend and is a major, very large, Carlin-style gold system. The key to making a big deposit is having a big system—a simple concept that is all too often ignored. Gold Standard's most recent drill hole intercepted potentially economic mineralization over 43 meters. If it's successful, this is a deposit that is big enough and high margin enough to attract the attention of Newmont Mining or Barrick or anyone, for that matter.
This is the important part about why I bought Gold Standard. It's not because of the next few drill holes. It's because we recognize we're into a system that's large enough to produce a mineral deposit, and we know now that this geologic system can produce the grades we need to see. So, it's still going to be a hit-and-miss exercise until the geologists can do the science well enough to find the exact core of the deposit, if it's there. The next results might be fantastic; they might be just encouraging. But we know we're into a big system. You stick with big systems." |
