Have patience, punch line is at the end, lol.
You drive up to a burgur joint and buy a burger. It is wrapped in a paper wrapper with
the company logo on it. Did you buy the burger for the wrapper or the logo.
Of course not, silly question is it not?
Well same goes for the gold deposit.
We just had a news release of four holes from Blackbird gold deposit. I just looked over
the other 40 hole results therefore it sparked the above annology.
It matters not that other holes have poor results. You do not attempt to dig and extract
gold from uneconomical veins any more than you would eat the wrapper that came with the burger.
Just as you buy the burget to eat, you dig out the good veins and process them. If there are marginal veins and you perhaps go through them to other good veins than you dig
those out and store the marginal ore on the surface to be processed on the day that
metal price rises enough to make his once marginal ore into profitablre ore.
Of course you dump any submarginal matter that you had to dig through to get at the good stuff.
Essentailly you value the resource on the economical grades and quantities that you find and ignore the chaff. Too often people see the chaff and value the resource on it instead of the valuable ore, in other words dilluting the opinion of the valuable portion of the resource.
That is what I see happening right now with the opinion about yesterday's gold results and hence today's share price.