Best value short and long
in response to
by
posted on
May 14, 2008 08:04AM
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Get back into your cabin, and let the captain sail the ship to the New World. We had a rough patch the last few months, and even after 2 months of hardship, we're not that far down. There may be another dip in this next month, before we sight land.
But dismiss any thought of selling, unless you can't pay your rent!
Continuous drilling to develop the other properties in the YGP constellation is a given. There will be ho-hum news like the last Big Sky results, and there will be reasons to be excited. I think the next 12 assays from Clan Lake will be out in June, and more excitement possible if they are still open at deeper depths. It helps one have faith that the entire YGP area has great pottential to depth.
And the 2 rigs now drilling at Bruce Zone (visually confirmed by a pilot I know who flew over it the other day) are to continue to refine the resource for the open pit.
But I really believe we need to see the company focus on getting a mine into production, even if at a slow rate of 3 to 5 thousand tonnes milled per day. If TDC becomes a producer AND at the same time continues to explore the constellation, then we VAULT into the mid-tier status and a share price starting with $10.00 and going over the coming 5 years after initial produciton to more like $30 or more.
Have faith in your own analysis of to fundamental questions. One, will there be an inflationary spiral and high POG in the coming years? Two, will TDC succeed in starting a mine? The other two questions have been answered: there is enough gold to be unearthed, and TDC has a responsible, very well managed team at the helm.
SO let's play cards in our cabins, and stop doubting the skipper. This is not the titanic, with a reckless captain boasting loudly, this is a modet sailing ship on a voyage to the new world.
As for the juniors having bottomed, do you read the technical articles at www.gold-eagle.com? hit the Technical button, and read them daily. They are indicating descendign wedges on juniors, on CDNX, and on HUI v Gold type charts. You are in the lobby, having rode an elevator DOWN to the parking level, now back to the Lobby. Next, more people will get in the elevator, the doors will close, and it'll start to rise towards the floor you want to get off at. If you stay long, you'll be in the penthouse.
SKELEG