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Message: You Don't Have to be Murray Pezim to get this One

You Don't Have to be Murray Pezim to get this One

posted on Oct 20, 2009 05:50PM

As far as I could tell today that was not just another run of the mill news release but one of historical note, a paradigm shifter. It confirms the hypothesis that the ore in the old mine rather than being depleted is in fact increasing in grade with depth just like in Red Lake. The similarities and comparison to the high grade, deep mines there seem to be validated. However, sentiment is as usual stronger than reason. today's selling was across the board for the gold stocks. I'd say, what a buying opportunity this was but we have to ask ourselves the question. What happens if the price of Au goes back below a $1000?

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