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I read somewhere that the cyanide-leach method of analysis, if used
incorrectly, may give readings typically of fifteen times greater
than readings which are obtained using the fire-assay method. 70.95
million ounces divided by fifteen gives 4.73 million ounces. I doubt
and hope that it is not this low. Rumour still says 20 million, which
justifies C$2+. Anyway, I am not a geologist.
My prediction was not meant to reflect what I think the price will do on the day the news is released. It is where I think, if it does go into an up rally, it will top out at 13.00, and in the case of a sell off it will bottom out at.40. No time frame.
I know this ain't over folks but I really doubt that Strathcona has the magic bullet to kill this monster, also Walsh and Company will be vindicated, but that vindication may not be the striking matter that all desire.