Homestake Ridge - British Columbia

In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits.

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Message: Re: Gold ready to make its move..

Sep 02, 2009 08:35AM

You cite three good reasons we got a move to the upside that was sufficient to trigger all the TA people who've been sitting around on the edge of their seats waiting for Gold to indicate it's going to fulfill that gigantic continuation reverse H&S.

We've got our known unknowns, and possibly some unknown unknowns moving Gold and it's this very mysteriousness that may cause the TA people who advise major funds and institutions to urge their employers/clients to just go with the technicals. If the investment people are convinced Gold's probably going to 1350.0 in a year, their anticipation will cause it to go close to that target in short order.

Needless to say if Gold hits 1200.0 or so before the year's out we'll have a venture exchange feeding frenzy.

But.. whatever. BVG doesn't need 1200.0 Gold; current prices are just fine if we duplicate last year's results. That's a big IF, of course, but if luck is with us we`ll do very well. Geez, if BVG comes up with another 50 meters of 20g and Gold`s going through 1000.0...

I would think they have some results back by now.

Keep the old fingers crossed; it`s nice to have smarts but nicer to have smarts and luck.

On a cautious note here`s one that wasn`t so lucky. Phony drill results.

http://www.stockscores.com/quickreport.asp?ticker=v.blg&x=6&y=9

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