Re: Large buy- my buddy
in response to
by
posted on
Jun 12, 2011 12:47PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Hey JMH,
My buddy trusts my judgement and I told him that all of the junior mining picks that I gave him were undervalued at that time and would likely to do well over the next few years. I stand by my recommendation of GNH - see my previous posts on valuation metrics using Tilsley's spreadsheets.
I do not jump on (or off) bandwagons - I buy stocks that I feel have intrinsic value and future potential. I still believe that GNH is one of those stocks, but the climb has become steeper for this company as more and more investors have bailed for safety/liquidity or other reasons in a period where the junior markets have decided to take a holiday.
I look forward to hearing what SGS and Genivar have to say and that is the news release I am most interested in at this time. After that I will wait for the summer drill plan and strategic outline for development of a resource estimate.
I will not be able to make the GNH Annual Meeting this year as I will be out of town that week but I look forward to an update from those of you who are able to attend.
Best regards,
Scott