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Message: Impact of NI43-101

Impact of NI43-101

posted on Nov 17, 2009 10:07PM

Most of the mining juniors I looked at have not recovered from the early 2008 drop although the large cap golds like Goldcorp have been strong. The chart shows 3 of the BG players, Kodiak, Sage and Ontex. Although Ontex released some preliminary information on their resource estimate in March( which the market may have been anticipating in February), you see their shares have clearly trended upwards after the May 15 full resource report was issued.

Sage seems glued to Kodiak in a 10: 1 ratio. It's really up to Kodiak to lead the way and everyone else will be along for the ride. The market hasn't accepted that this will be a multi-million oz gold camp yet. We'll have a good idea of what Kodiak's true value is when the drill results are released soon.

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Nov 18, 2009 02:38AM
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Nov 18, 2009 06:48AM

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Nov 18, 2009 07:00AM
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